Ripple the company is fine. They are great at marketing. The problem is that XRP's market cap is entirely speculation (as are the majority of altcoins). No bank is actually using the coin, and the way banks operate - they are at least 3 years away from usage justifying basically ANY value - much less the 2nd highest market cap in the industry. If Ripple ever got a substantial amount of banks utilizing XRP, then sure - XRP would deserve a huge market cap. But frankly, I don't believe banks will ever substantially utilize XRP.Why do you say that?
They have a great management team, awesome engineering group, a real product with a solid roadmap, they have over a hundred very large customers lined up to test their product, they have partnerships with Amex and MoneyGram and their business model is one that would allow them to generated significant revenue, and potentially significant profit.
They have executed better than anyone in that space so far, and from a product and customer standpoint, I don't see anyone even close.
Why do you think it's garbage?
That doesn't mean there isn't money to be made with it though.
Like I said, I see 2018 being a volatile bull market for altcoins. Even ones that have no value and will eventually die. XRP might be one of the ones that makes it out to the other side.
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