Ripple (XRP) Might Be The Only Survivor During A Crypto Market Collapse

Ripple (XRP) is classified as a cryptocurrency but that is not how it initially started off as. In fact, if the cryptocurrency market were to disappear tomorrow, Ripple (XRP) might be the only coin to survive. Ripple CEO Brad Garlinghouse has pointed to this many a time during interviews and conferences that XRP will always be there even if Ripple (the company) goes down. This goes on to show that Ripple (XRP) is more than just another cryptocurrency. In fact, it is a valuable commodity like Gold that has its own inherent value that comes from its use case. Just as Gold can be used to make ornaments or tools, Ripple (XRP) can be used by bank and financial institutions for cross border payments.

Merchants who want to replace their existing payment gateways can opt for Ripple (XRP) which will make their transactions faster and cheaper allowing them to receive their payments on time while also ensuring an improved customer experience. The point is, unlike most cryptocurrencies, Ripple (XRP) has a solid use case which will guarantee its existence whether the cryptocurrency market is there or not. Even if the cryptocurrency market were to vanish overnight, Ripple (the company) would still be there and so would XRP. It would still be in the interest of Ripple (the company) to work towards mainstream adoption of XRP. As more financial institutions use XRP, we will see its price increase. At some point when it is valued in trillions of dollars, Ripple (XRP) would be better positioned to become the one world currency.

Chart for XRP/USD (1W)

The point is, Ripple (XRP) stands to gain whether the cryptocurrency market exists or not. It is open to regulation and would be more open to working with entities like the Federal Reserve or the World Bank. It would also be in a better position to ensure that local laws and regulations are followed. The reason Ripple (XRP) has gained such widespread adoption and seen a massive boost in price is because a lot of investors are of the view that cryptocurrencies like Bitcoin (BTC) may ultimately be the future but there is a lot of room for cryptocurrencies like Ripple (XRP) short term.

Although Ripple (XRP) wants to empower the status quo by helping the banks and financial institutions make their services more efficient and retain their control, the truth of the matter is that the general public is still not at a point where they care enough about Bitcoin (BTC) replacing fiat currencies. In fact, they would be glad to just see their banks charge them less and process their transactions faster. Cryptocurrencies might be the future but Ripple (XRP) is going to give financial institutions one last chance to put up a fight to maintain their status quo. Even if the banking industry were to revolutionize and we shift towards a peer to peer economy, Ripple (XRP) is still likely to have a future given its cheap and fast transactions.