Is it True That Germany’s Bank Started Selling Crypto-currency?
Crypto-currency, despite the popularity that it has achieved in the recent times is banned for sale by banks in most countries. Germany too considered having a ban on the sale of crypto-currency but kept from it. The banks in Germany are selling crypto-currency such as Bit coin.
Ripple current price, and bit coin prices are hence hot topics in Germany. The popularity of crypto-currency has made the people curious about the new medium of transactions. It is mandatory that you are aware about ripple cryptocurrency price and more before you start investing in it.
You should sort out a consultant who van be your guiding light for your dealings with Cryptocurrency.
Why should you invest in ripple?
Digital investment was one of the most productive businesses in 2017 to use your ideal money to earn some profits. The proof is that Ethereum earned a return of 2000%, Bit coin gained a return of 744,233%, and Litecoin got a return of 750%.
But still, there is a big disadvantage for beginners now. Most of the currencies that are mentioned above have already attained their investors. They won’t stop getting profit from it but the disadvantage for you is that you can’t buy any of them under $1.
So for that reason, those who are searching for investment under $1, ripple can be the best option. Ripple can’t be compared with conventional digital currency.
In today’s market ripple has brought a revolution in world finance setup. It has totally changed the way how money is transferred and received. It has set up new trends in the global business atmosphere.
What ripple is all about?
The Ripple Transaction Protocol is one of the easiest and latest investment trends in today’s market. It is considered as an instant payment system. In this system, money can be transferred from individual to individual despite any geographical thresholds or banks.
The digital possession that runs ripple is XRP. So when you buy ripple you are already buying XRP. It means that basically XRP is a fuel that runs ripple.
Reasons why to invest in Ripple?
We often face problems in sending money to someone outside our bank. And it becomes more problematic when you have to transfer capital overseas. Almost everyone faces a problem there. To eliminate all such problems ripple is introduced in the system.
XRP uses the Ripple transaction protocol not only for transferring digital currency but also you can transfer money and data to any part of this globe through it. The idea of this system is very old. In the earlier period, people used an envoy to carry money orders or a piece of information to send it in faraway places. In today’s era too the system remains the same only the agent has been transformed. The work of the carrier is replaced by the internet today.
Relation with the banks
It is really not wise to think that the role of banks is reduced due to digital currency. We in our everyday life usually believe in cash only. Many people do not even know the use of digital currency so it’s not possible to change things overnight. But the good news is that many banks have already adopted the ripple for e.g., MUFG, BBVA, SEB, Akbank, Axis Bank, Yes Bank, SBI Remit, etc. Thus ripple is the first digital currency adopted by any prominent financial organization.
Most of the digital currency fails to be established in today’s financial market due to the lack of skills in staff and improper planning of the company. But in a very short period of time ripple has achieved high success. The only reason for this success is dedicated work for customers. You can easily believe in the system and try it out.
About the Author:
Evan is a professional writer who loves to write about crypto-currency, ripple coin, current news on ripple and latest updates. He is an expert and loves to share his experience with the world.