3 reasons to buy $ 1,000 of XRP (Ripple) and never look back

There are not too many cryptocurrencies that belong in almost everyone’s portfolio. Still, though XRP (XRP 2.25%? Experience many of the same pitfalls as other cryptos, such as extreme award volatility and a rather uncertain long -term image, it looks like an increasingly attractive place to invest, even if it is with a smaller amount, such as $ 1,000 or so.

Especially if you are able to keep your coins through volatility and commit to not selling for many years, there is probably a lot of upside. So here are three reasons why it’s probably worth investing $ 1,000 in this coin and never look back – at least not until you’ve seen a big return on your dollars.

1. An ever -growing network of partners and users

XRP’s mandate is to make it easier for banks and other financial institutions (and perhaps governments) to transfer money, especially across international borders. The idea is that the coin can catch a small fragment of value with each transaction in the form of fees.

In order for it to work, the coin must be widespread among these target users. Since they tend to be rather conservative in terms of what technologies they adopt, it is a strong value to get users on board a preliminary or trial basis A strong sign that XRP has real value that is likely to rise over time . And that’s exactly what happened.

You’ve probably heard of many of those who already use XRP to process their transfers, either on a first basis or permanently. Big financial players like Banco SantanderAt Bank of Americaand American Express is engaged in it today, along with a smash of other international financial institutions from Britain to India and even China.

And there are probably more of these heavyweight players over time, which is a big part of the investment thesis to buy this coin.

2. Strong relationships with regulators make life easier

Cryptocurrencies like XRP have not always had good relationships with regulators. Ripple, the organization behind XRP, was sued by Securities and Exchange Commission (SEC), who claimed that the coin was sold as an unregistered security. Ripple may not be completely out of the woods yet, but there is a strong sign that its fortunes are improving.

According to the new presidential administration, supervisory authorities seem to be far more accessible to working with XRP and other cryptocurrencies rather than trying to limit their freedom of use.

Brad Garlinghouse, the founder of Ripple, gets the most out of the shift by the guard. He met with the president last month and has now earned room for the newly created cryptocurrency Advisory Council.

It is not guaranteed that XRP’s value will rise immediately if Garlinghouse is appointed to this advice, but it is not the poenget. The winds change in the benefit of the coin, and legislative actions can soon become a headwind rather than a headwind.

And the United States is not the only place where XRP intervenes with governments. In Japan, the United Arab Emirates and Singapore, each of which are important global economic nodes, the coin is already treated under at least some of the legislative framework that best supports its future value instead of limiting it. Over time, the effect of these conditions can be quite significant and positive for investors.

3. It is better than competitors

Finally, XRP is worth an investment of $ 1,000 today because it is very obvious a better option than some of the older money transfer systems aimed at replacing.

In particular, the main network of the treatment of international money transfers, Society for Worldwide Interbank Financial Telecommunications (Swift), is subordinate to the XRP for its intended purpose.

Transactions via Swift take up to five working days to clear; XRP payments clear within minutes. Swift transactions cost from $ 10 to $ 30 or more plus international exchange fees charged as a percentage of the total value of the transfer; XRP’s transactions cost less than a penny, and they do not incur additional fees from exchange rates because no currency conversion takes place.

Swift is an older technology and it will not be forever if there are superior alternatives such as XRP. And it will be a long -lasting driving force for the crypto that continues to win in value, so it’s worth getting some investment exposure as it happens.