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What is driving the price of Ripple

Spreadsheet Ranger

By Spreadsheet Ranger
in Other Cryptocurrencies

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Spreadsheet Ranger Newbie

Spreadsheet Ranger

Posted
Posted

Ripple CEO:

 

First a clarification on the question: Ripple is a private, cash flow positive company and we don’t have any plans to raise additional capital (and no offense, but if we did, we’d only raise capital from institutional investors!). However, you can certainly buy XRP - the native digital asset to the XRP ledger.

 

As a general rule I try not to give investment advice, but I’m happy to give a summary of what drives Ripple’s and XRP’s value. Ripple is focused on enabling a global network of financial institutions to use our software to create what we call the the Internet of Value. Our goal is to lower the marginal cost of international payments to the point where money can move as easily as information does today.

 

As the network grows and adoption of Ripple’s products increases, the value of Ripple should grow as well. XRP is a digital asset that exists on the XRP ledger, one of the open-source products created by Ripple. XRP is a pivotal component of the Internet of Value since it solves a key point of friction, the pre-funding of nostro/vostro accounts necessary to facilitate cross border payments.

 

As this occurs, the demand for XRP will increase and markets will reflect that.

 

I hope it goes without saying that I’m incredibly pleased by the progress we have made to date - with a broad group of global FI customers. And there are powerful network effects that we have seen accelerating that momentum

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SB45 Newbie

SB45

Posted
Posted

Great Ranger, I like Ripple. I have been trying to school myself on these crypocurrencies, ready to take a plunge, how do I buy Ripple ? Where to start? Reputable brokers

Bandit Newbie

Bandit

Posted
Posted

Might not be the best way but:

 

1. Buy Ripple on AltcoinTrader.co.za

 

OR

 

1. Buy BTC/ETH somewhere

2. Transfer to Bitfinex

3. Sell for USD

4. Buy Ripple

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