With the current excitement surrounding cryptocurrencies, many projects try to issue tokens to ride the wave but often lack a real value proposition for their users.
Indeed, a report issued by Invest In Blockchain in 2018 detailed that over 64% of the top 100 largest cryptocurrencies had no working product and no actual utility.
Whilst exact figures might have changed since then, it wouldn’t be surprising that this situation remains today, hence the importance of researching projects to find the ones that bring tangible value to the table.
This article will focus on three interesting cryptocurrencies which aim to or are on track to revolutionise the current financial system. One of these, Pac-Man Frog (PAC), is undergoing its presale at this very moment.
Launched in 2012, Ripple (XRP) is part of the veteran club in the crypto world.
Ripple aims to revolutionise the fast-moving payment sector and rose to global prominence following strategic partnerships with major financial institutions including Bank of America, American Express, and Santander, among others.
Ripple addresses the following issue: moving money nowadays is lengthy and costly. Traditional transfers take at least 3 business days to clear and pass through several intermediaries which all charge a commission, making the entire process long and unnecessarily expensive.
Ripple seeks to change that by providing near-instant global transactions in all currencies and at minimal cost. Besides, the Ripple ecosystem connects individuals directly and removes any unnecessary middlemen in the transaction process.
To accomplish that, Ripple developed a wide umbrella of interconnected products: RippleNet, XRP Ledger, RippleX, and the XRP cryptocurrency itself. Ripple asserts that these products’ combined synergy has the potential to shake the established SWIFT transaction system, as well as the global payment and financial industry overall.
As such, Ripple is undeniably one of the most promising cryptocurrencies currently on the market, with a clear value proposition and strong utility for society. However, over the past few years, the project has been mired in a legal battle with the US Securities and Exchange Commission (SEC), which accuses the XRP cryptocurrency of being disguised security.
XRP, now trading at a low price, might be a wonderful investment opportunity for investors willing to wager that Ripple Labs will win its battle against the SEC – this is a saga you want to follow!