Is Ripple an alternative to Bitcoin?

There are more than 2,000 crypto currencies on the market, so it is critical to identify which ones best fit your investment plan. As we know, this requires time and analysis, so we have selected two options -beyond bitcoin- for 2019. Find out how they work and the possibilities for investing in Ripple and Litecoin.

But first, some of the points to keep in mind before you start trading in the cryptomoney market:

The crypto market offers a vast portfolio of options, with digital assets arising and fading constantly. In 2018, about 1,000 crypto projects went down in history, according to failed cryptomoney monitoring platforms.

The twenty-five most valued crypto currencies together represent more than 90% of the total market value, whose capitalization amounts to more than 130,000 million dollars.
Cryptomedas are highly volatile, so it is essential to become familiar with the factors that can have an impact on the market, such as news and changes in the regulations of cryptos.

If you are considering investing in crypto coins, it is also important to schedule the time needed to get a broad picture of the market.

Although trading involves risks, crypto currencies offer certain advantages for trading, such as long market hours, greater liquidity and the possibility of trading in a bullish or bearish market.
There is more than one option to invest in virtual currencies, as you can see in this article where we show the difference between buying and trading in crypto currencies.

Cryptos are high volatility digital assets and the market is constantly changing, so some have skyrocketed in value and acquiring them may require considerable investment. However, the combination of ‘stability’, good price and attractive capitalization are part of Litecoin’s appeal, known as the bitcoin’s ‘light’ option.

On the other hand, crypto currencies are generally considered as a substitution of traditional currency, but in reality, it is possible to find a coexistence between the traditional monetary system and that of digital currencies, as is the case of Ripple.

Why do crypto currencies continue to capture the attention of investors? What’s so special about them? These are some of the most relevant features that will help you learn a little more about these two alternatives.

Investing in Ripple

Ripple (XRP) became the second most important virtual currency after closing fiscal year 2017 with a historic increase of almost 385% over its value. Within a week, the ripple had doubled in value, firing its volume tenfold.

Ripple’s history begins long before its launch in 2012 through Ripple Labs, the company founded by Chris Larsen and Jed McCaleb. Ripple brings together the crypto currency (XRP) and the RippleNet payment network, which since 2004 existed as a functional prototype.

The combination protocol-currency, for immediate transfers at a low cost, offers an alternative for financial institutions that have poured on the development of solutions based on new technologies such as blockchain (chain of blocks) and in this case, in the algorithm patented by Ripple, RPCA (Ripple protocol consensus algorithm).

Among the investors who have opted for Ripple Labs are venture capital companies and strategic investors such as Google Ventures, Santander, through InnoVentures and Accenture, to mention just a few examples.

How does Ripple work?

Ripple offers an encrypted and totally secure system, RPCA, which keeps transactions under public consensus, but where the information and code that decrypts it is only available to the sender and receiver of the transaction.

As mentioned before, Ripple put on the market, in addition to the XRP crypto currency, the RippleNet network, and these are some of the features by which Ripple has become an attractive option for investors:

Low-cost foreign exchange, including native support for crypto currencies and fiat currency (traditional money).

A global network composed of over 200 banks and payment service providers such as MercuryFX, Cuallix and Catalyst Corporate Federal Credit Union.

In banking, Ripple’s client portfolio includes institutions such as American Express, Axis Bank, BMO, Santander and Westpac, among others.

One of the fundamental advantages of the payment network and the XRP is the high capacity for cross-border transactions. RippleNet offers a real-time payment system and advantages of traceability and security thanks to its RPCA protocol.

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