Digital currencies have emerged as one of the most profitable investments of 2017.
You don’t have to take our word for it. Just take a look at the returns:
Ethereum is up 2,000%.
Bitcoin is up 744,233%.
Litecoin is up 750%.
With the digital currency floodgates open, early investors are becoming accustomed to four-digit returns.
But there’s a catch. Many of the currencies listed above have already achieved mainstream investors. They will continue to generate profits (making them valid investments), but you will never be able to buy them for under $1.
Many digital currency investors are hunting for the next big altcoin, hoping to find a new Bitcoin for the right price.
And the best contender is Ripple. In the last year alone, Ripple is up 3,733%.
Ripple is not your traditional digital currency. Calling it one is the equivalent of calling a horse a mule — you vastly undersell the currency’s potential.
Today, Ripple is busy revolutionizing the way we transfer money and receive payments. Soon, it will change the way we bank and conduct business around the globe.
Over the course of this report, we are going to educate you on Ripple’s potential and expose the top three reasons you need to be investing now. By the end of this report, we hope that you'll rush to the exchanges.
What Is Ripple?
Ripple, in the simplest sense, is a real-time payment system. It allows money to be exchanged between individuals regardless of their locations or their banks.
The digital asset that runs the Ripple network is XRP. When you buy Ripple, you are also purchasing XRP. If you are new to digital currency investing, the best way to think of XRP is as the fuel that powers Ripple.
It is necessary for the technology’s function, but when investing, you will generally refer to XRP as Ripple.
Ripple was introduced in 2012, making it an early mover in the digital currency space. It was also one of the first currencies to have a function outside of being a medium for exchange.
Ripple was developed by an experienced team with deep roots in the digital currency world. Many members of this development team worked with Bitcoin. This included Ripple’s cofounders, OpenCoin CEO Chris Larsen and CTO Jed McCaleb.
Investors considering Ripple need to understand the relationship between OpenCoin and currency. OpenCoin handles many of our digital currency transactions around the world.
OpenCoin, and subsequently Ripple, has received backing from dozens of venture capitalists, including Andreessen Horowitz, FF Angel IV, Lightspeed Venture Partners, Vast Ventures, and Bitcoin Opportunity Fund.
But how does Ripple function? How exactly is it unique in the digital currency world?
Those questions transition us to the first reason that you should be investing in Ripple: the Interledger Protocol.
The Interledger Protocol
Everyone is in agreement that our current financial system is flawed.
Transferring money to individuals outside of your bank is a grueling process. And you might as well forget about exchanging money overseas unless you love having a headache.
And that is where Ripple comes in.
Ripple operates something called an Interledger Protocol. This is a use of blockchain technology that makes Ripple unique.
Believe it or not, the idea behind the Interledger Protocol is actually thousands of years old, dating back to Medieval Arabia.
Years ago, individuals would exchange money through an agent.
You, as an individual, would walk up to your agent and give him money with instructions to send it to your friend. This agent would then send it to the agent of your friend.
Even though money didn’t exchange hands on either end, a record of the money being moved was put in place. The receiving person’s agent would be responsible for moving the money along to the intended recipient.
Ripple simplifies that process, issuing a monetary payment through a digital channel. Similar to the medieval method, the money never actually changes hands.
Both people have a
