Is Ripple a good investment?

Keep in mind that it's a high-risk investment, even compared to other cryptocurrencies. Ripple could prove to be extremely useful. International money transfers between banks can be slow, expensive, and difficult to even set up.

Should I invest in XRP?

If you think Ripple could continue to grow, then a small investment in XRP may be worth considering. It's not nearly as safe as investing in stocks, but if Ripple succeeds, you could make a sizable return. Lyle Daly has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin.

Which financial institutions Trust ripple?

Today, Ripple has earned the trust of many prominent financial institutions, such as JP Morgan (JPM), Banco Santander (SAN) and the Bank of America (BAC). One of Ripple's most notable strategic agreements was signed in June 2019, with the global money transfer giant MoneyGram.

What are the benefits of ripple?

One of the biggest benefits of using Ripple is that fees are avoided and the lengthy wait times of traditional banking are cut down to seconds. To conclude our introduction, Ripple is simply a payment network for financial institutions. Its main competitors are systems like SWIFT.