However, the above does not answer the question. Below are some explanations to make your conclusions on how big Ripple can get. You also need to be part of the quest-pack to know the cryptocurrency growth patterns in the future.
It might not be possible to accurately pre-determine how big XRP becomes but how big it gets sounds like something tangible to work with. From where I sit, it is no doubt it is penetrating the league of BTC and ETH unabatedly. However, your guess might be a subject of debate. What’s your take?
Here is my Take
Ripple (XRP) is a noble idea to be used in the financial sector and more specifically, to be used as a currency processor between banks. Over the years, the network keeps expanding meaning the uptake is positive. It is now becoming the standard way of communication between major banks and other financial institutions. Take it as a tool that eliminates bottle necks in money transfer; it is fast, dependable and transparent.
In real sense, XRP does not replace existing system; it makes them better. It is up to you to choose the traditional or innovative money transfer platform. If you love fast transactions without third parties, Ripple should be your natural choice. This means no more delays and charge backs for a deal gone bad.
What Makes Ripple (XRP) Stand out of the Pack?
Adoption of Ripple in the financial sector means it is far much better that some existing systems. Think of SWIFT for example. This means the transitioning from adorers to adopters is real. When real users come onboard, value addition will be actualized and this simply explain how big Ripple (XRP) can get.
When people talk about SWIFT what comes to mind is the time it takes for a transaction to complete and the cost. This puts bank users uncertain given that some transactions take days under the guise of verification. To overturn this, Ripple offers the speed any user dreams of, no delays in verification and you get your funds in seconds, if not real time. With XRP, you do not need to track your transactions; they are guaranteed.
Ripple in its simplicity tries to find out where banks have failed and fill the gap. If there is a system that can beat financial institutions in terms of speed and reduced fees, can you resist the temptation of adopting the service? This seems the mantra Ripple is thriving on for now and in the future. It is your money and you need it in your hands, anytime, anywhere.
Here is the Catch for Ripple (XRP)
When Ripple started in 2013, the goal was just to provide a system that processes currency transactions. But why offers a system like others before? XRP offers better and superior services. This saves the user and banks billions of dollars each year.
The system used blockchain technology and this offers trust to users; there are no weak points for hackers to penetrate the system. Your money is delivered to your address securely and seamlessly. To make its statement clear to the investor, their funding is sound. They have brought onboard the likes of FF Angel LLC, Andreessen Horowitz, Vast Ventures, Google Ventures, Bitcoin Opportunity Fund and Lightspeed Venture Partners among others.
There is no denying that XRP is inspired by SWIFT; however, it also complements it but offers the financial sector and the user a better choice to take control over their digital assets. With the trust it comes with, it has earned the trust of the financial sector; a reason for its brighter future.
The beauty of Ripple is that has introduced a wonderful product that was long overdue. Users have and are still embracing it. Once there is a general consumer satisfaction, the opportunities become unlimited; this is an idea whose time is ripe.
What is the Future of Ripple?
With the above points you are likely to make your own conclusions about the future of Ripple but not in a clear sense. Once the Ripple brand becomes a household name, XRP, the token gets a place in any cryptocurrency enthusiasts’ digital wallet.
With SWIFT gone, what next for Ripple (XRP)? This could be a hard nut to crack but in my opinion, the next stop will be credit cards. With secure and stable systems, trust from users flow naturally and that is what credit card holders love. A Ripple credit card seems to be the next big thing in the cryptocurrency arena.
Sorry to single out Ripple, Litecoin (LTC) and BitcoinCash (BCH) are also focusing on currency processing market leadership but have failed to get their brands recognized. Ripple seems to be keen on hitting at every opportunity and hitting the ground running.
Not all cryptocurrencies are made equal. Ripple is not special either; it is focusing on where the others are failing. It is capitalizing on the existing bottlenecks that the consumer is highlighting and seeing an opportunity. In doing so, Ripple is growing as a “company” and its flagship “product” XRP gaining acceptance in the competitive digital money market.
So are you still asking how big can ripple (XRP) get? The route to market is a clear indication and XRP the coin is riding on this structure. I thought it is wise to differentiate Ripple the platform that the XRP coin rides on to understand why the token is poised to be the next thing in the crypto-sphere.