Ripple (XRP), launched in 2012 by Ripple Labs, was designed to revolutionize cross-border payments by offering faster, cheaper, and more efficient transactions compared to traditional systems like SWIFT. Unlike Bitcoin, XRP operates on a consensus ledger, eliminating the need for energy-intensive mining.
At $2.3 per XRP, investing depends on your risk tolerance. XRP’s utility in global payments is promising, but regulatory risks and market volatility are significant factors. If you believe in Ripple’s long-term vision and can withstand potential downturns, it might be worth considering.
However, always diversify and consult a financial advisor before investing.