What’s Ripple?

Ripple is a private company that has created its own payment and exchange network (RippleNet) on a blockchain that we could call “private” (XRP Ledger). Ripple (XRP) is also the third most quoted cryptocurrency on the market after Bitcoin and Ether. It was created for banks, payment services and exchanges, to make intercontinental payments faster and therefore more cost-effective.

Is Ripple a good investment?

NB: no investment, especially in a volatile market such as the cryptocurrency market, is safe and risk-free. You are responsible for every purchase or sale decision. Below are some features of the Ripple cryptocurrency to help you make better decisions.


  • Its connection with banks – Ripple is a private company that benefits from the trust of many banks such as UBS, Santander and Unicredit which use its services. It is also a partner of over 100 banks including Bank of America, Standard Chartered, Barclays, JP Morgan and American Express. If the number of banks that adopt the Ripple payment platform (RippleNet) increases, the value of its XRP cryptocurrency may increase proportionally.
    It would be foolish to think that our banking systems are going to disappear overnight. There is no doubt that digital currency is here to stay. But we are more likely to see it integrated into our daily financial lives through the big players in the financial world: the major banks. This is good news for Ripple.
  • It is less prone to volatility – All of its tokens have already been mined (unlike bitcoins) and are being released into the market in a controlled manner by Ripple. In addition, Ripple has deposited half of its tokens in an escrow account as a security measure. Ripple Labs owns 56% of XRP tokens, 49% of which are tokens deposited in the escrow account and only 6% of the tokens actually in circulation are controlled by Ripple Labs.
  • It is convenient – Ripple can be traded for any currency or asset (such as gold) with really cheap transaction fees which are currently under one cent, i.e. $0.004 per transaction. XRP is also very agile due to its extremely fast transaction times, at the moment processing a transaction takes about 4 seconds.
  • It has a high profile team – Ripple was developed by a team of experts with deep roots in the world of digital currency. Many members of this development team have worked with Bitcoin. They include the co-founders of Ripple, OpenCoin CEO Chris Larsen and CTO Jed McCaleb.
  • It has important allies in the Digital fieldGoogle was one of Ripple’s early supporters. In Ripple, Google saw an opportunity to simplify and protect payments.


  • Not all banks using RTXP use the corresponding digital currency XRP.
  • The low price of Ripple does not necessarily mean that there is room for currency growth.
  • According to the Financial Times, most banks collaborating with Ripple are still testing the platform (RippleNet) and are more interested in its services than in the XRP token, whose price may not grow.


If Bitcoin is known to be the first cryptocurrency ever created and Ethereum has become famous for creating a Smart Contract platform, Ripple is establishing itself as a global monetary payment system that any bank can implement to improve traditional payment systems.

Young Platform is not acting as your broker, agent, consultant or any other fiduciary function and no information or communication provided by Young Platform in connection with the cryptocurrency market will constitute advice. You alone are responsible for any decision regarding the storage, purchase or sale of cryptocurrency and such a decision must take into account your risk tolerance and financial circumstances. We recommend that you carefully read about the risks involved in investing in cryptocurrency.