Written by Crypto Guru

In terms of market cap, Ripple occupies the second spot among all cryptos with an impression valuation of $128 billion. That valuation sits above that of Airbnb, Uber and Slack put together and we need to factor in a pocket change of $20 billion. Ripple was also the best performing all cryptocurrencies in 2017 rising an astounding 36,000% during the year.

From 2012, Ripple has been riding the success wave raising about $93 million from top VC firms in the Silicon Valley. These are VCs who have routinely invested in startups like Slack, Facebook and Uber just when they were starting. Therefore, the same VCs backing Ripple is an affirmation of the belief they have in Ripple’s mission and its team. But, if you are looking at Ripple to be the next Bitcoin, you should think twice before you make an investment decision.Here are some of the top reasons:

XRP and Ripple are not the same

Many people believe that everything Ripple is XRP. There is a misnomer here because with most other the coins are the same as the crypto. For instance Ethereum vs. ETH or BTC vs. Bitcoin. But, with Ripple things are different and therefore it takes an understanding of Ripple as a company.

Ripple started in 2012 and was named Opencoin at that time before transitioning to Ripple in 2015 and is presently based out of San Francisco in California. The company employs over 150 people, enjoys a nice office and sells banking software built on the blockchain technology.

What are Ripple’s activities

It has the following 3 products:-

XCurrent, XVia and XRapid.

The flagship product is XCurrent and presents banks with the ability to make cross border payments efficiently. This product uses RippleNet, which is the Ripple blockchain, but the 
XRP is not used. The software has been widely accepted by banks because it gives them the opportunity to save time and money while sending payments without introducing several changes or risk with their workflow. XRapid is helpful for banks to improve liquidity while trading in the emerging markets. This is also the singular product from Ripple’s basket that uses the XRP.Banks love this because it frees up large volumes of money they are stuck with, but also dislike it since it also brings along the unknowns like the XRP volatility. XVia is a product currently in the works and scheduled to be released somewhere in the first half of 2018. While being similar to XCurrent, XVia will allow entities apart from banks like payment providers and corporations for instance to send cash through banks . XVia too does not involve use of XRP

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