Can You Get Rich with Ripple Crypto?

Ripple is a platform that enables secure, fast and cheap payment services for individuals, developers, and financial companies. Around 200 partners and institutions are already using the Ripple network to facilitate their business processes and improve money transfers all around the world:

• Financial institutions apply the Ripple crypto (XRP) to conduct fast and cheap cross-border payments globally.
• Developers use the Ripple ledger as a powerful open-source basis to create and build applications.
• Individuals buy Ripple for trading and for conducting fast and cheap currency conversion as an alternative to conventional bank services.

Ripple XRP cryptocurrency is among the top-traded coins on all crypto rankings, but why is its price so low?

Does it Make Any Sense to Invest in Ripple Crypto?

As of November 2020, the rate of Ripple crypto fluctuates around $0.37. The reason for such a low price is the legal proceedings between the Ripple company and the SEC. The commission demands that Ripple Labs register the Ripple crypto as stock. The process lasts for a couple of years. Once the parties agree, and the court case is closed, the project will develop to a full scale. But so far, the development has slowed down.

Answering the question if you can become a rich man of Ripple crypto, we can only say that everything will depend on the court process and how it ends.

Now is a good chance to buy Ripple and hold it or trade XRP. You can do it using the largest crypto exchange in Europe – WhiteBIT. It allows for all types of trading, including the most advanced tools, such as leverage and futures. The platform charges average transaction fees and offers additional bonuses and discounts to those having the WBT token. Read more about the earning opportunities and bonuses on the WhiteBIT blog.