“[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.”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.”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