Published
5 years ago on
September 27, 2018
“[Ripple is] a legitimate company and they don’t pretend to be something they’re not and they’re really good at one thing, moving money fast and cheap. It’s fantastic, it fills a big need and for a hedge fund like us to be able to denominate in XRP.â€It’s a sentiment that many investors agree with, Ripple need to give themselves a break. They have already produced a product that can help to move money fast, for a low cost too. Arrington goes on to compare XRP with Bitcoin which is far slower than XRP when it comes to direct money transfers. Arrington has said:
“That is amazing. There’s no way to do that with Fiat or Bitcoin. There’s just no way to do it that fast and that cheaply and and so it serves a really useful need for us. There’s no three-day wait for international wires or one day wait for us wires we’re not paying wire fees.â€Arrington is one of many investors that are super bullish about XRP, not just as an investment but as a product that already works very well. Compared to it’s rivals (Bitcoin) XRP is ahead of the game and promises to change the way the world makes money transfers. References ZyCrypto
