Ripple has been this year's underdog in the cryptocurrency world, banished and degraded by most as the centralised 'bank coin' that goes against all the morals cryptocurrencies and its originator Satoshi Nakamoto supposedly stood for. This theory was backed up for an extended period of time throughout 2017, especially when putting into collective thought the fact price remained extremely stable after its initial surge to $0.43, a gain of around 4500% since its starting price at the beginning of the year. Ripple defied the odds in the closing weeks of 2017 by exploding in value to nearly $1 in a span of 3 days from a consolidated period of $0.24.
Despite the mainstream belief that Ripple would never utilise its digital token counterpart XRP as part of its business model, quite the opposite is actually true and Ripple made this clear by announcing some of the largest corporate giants in both banking and business (including the likes of The Bank of England) had been testing and already integrating XRP as a payment settlement asset into their dated payment models.
Established in 2012, XRP puts its crypto counterparts to shame, settling payments in 4 seconds and costing practically zero to do so. Being the fastest and most scalable digital asset in the world puts XRP in the front-line for becoming the global standard of enterprise liquidity solutions via near-instant payment settlement.