Understanding Ripple is probably more important than other cryptocurrencies, mostly because it acts in a different way. Ripple works to connect banks and make cross border transactions quicker and cheaper. Already you can see it is different to the decentralised ideology of most other altcoins. The success of Ripple, and therefore the potential for profit to be made, relies on the relationships with banks and other large financial institutions. Following Ripple news will allow you to judge that point when the digital currency has enough critical mass to self-propel its success.
Digital transactions are a thing of the present and likely to dominate the future. It is more and more probable that your next payment will be made online. The payment across international borders remains an issue for banks. It takes time and can be expensive. The Ripple Transaction Protocol can allow for instant and incredibly cheap – some would pretty much call it free – transaction fees. Solving two of the major problems and aiming at a completely different market makes Ripple an interesting altcoin to follow in the news.
It is important to stay focused on the issues with Ripple because it uses the blockchain technology so differently. Keeping an eye on the Ripple news will help you keep abreast of potential regulation of this centralised company and for news on whether banks will be tempted by the transaction mechanism.
Although Ripple news might not directly inform your career – as it is much more corporate than some of the other altcoins – knowledge of the latest transaction mechanisms could keep you ahead of the game in staff meetings and brainstorming sessions.
Ripple is also a good potential investment. Although you won’t make money merely by hoarding the tokens, you can sell them for a higher price than you buy them. By keeping up to date with the Ripple news you may be able to predict when the price will skyrocket and when you can make your killing. This may be the answer to getting out of the 9 – 5 mundane routine and starting up your own business.
Being informed is crucial in a fast-changing world. This is not just a matter of watercooler conversation or sounding clever at dinner parties. It is a matter of understanding how the digital world is evolving and shaping the way we interact. Keeping up-to-date with Ripple news will help us understand if our bank has opted into the mechanism and if this means our money is secure and free from the clutches of hackers.
By keeping up with Ripple news you are essentially educating yourself on one of the key issues of our time. Ripple could be the next big cryptocurrency out there – with the same astronomical price rises seen elsewhere – or it could flounder on the rocks of the technological limitations of blockchain. Keeping up with the Ripple news will help inform your understanding of this global issue.
Be the one in your company or your college that bursts the insular bubble of your institution and brings the news in from the outside. These large financial companies are going to shape the world and it is important that the people around you know the Ripple news too. The stories of innovation and successful partnerships are crucial to Ripple’s success – and you can be the focus on all the latest news.
The main reason for keeping informed of the latest Ripple news is to know how to spend your money. There are no shareholder pay outs when holding Ripple tokens, you are merely banking on the idea that the price of the currency will rise. The value of Ripple is the mechanism of fast and free financial transactions across borders. If there is confidence in this idea, then there will be a boost to the price. If there is no buy into the mechanism, then the Ripple token holds little value and the price will plummet. Following the Ripple news will help you to know when to buy and when to sell – ensuring you make a profit.
Following Ripple news will also keep you up to date with potential regulation. A centralised company such as Ripple is much more vulnerable to external regulation than other decentralised cryptocurrencies. Regulation has a massive impact on confidence and in turn a big consequence on price. Therefore, it is important to be in touch with the latest Ripple news.