Ripple XRP might be the most talked about currency currently available in the market while enjoying mass media coverage across the internet and broader. The third best coin in accordance with the official ranking list is considered to be one of the most prominent digital assets with market cap counting 17.9 billion dollars.

Being the third biggest crypto, however, doesn’t come with an “integrated” relief for Ripple XRP, as it is often mentioned in the press regarding its notoriously undefined status, which poses a question on whether XRP (XRP) is a currency or not.

Since there are different assumptions regarding Ripple and XRP, some even claiming that Ripple is centralized, here is a brief analysis on Ripple that might help decide on whether XRP should join your crypto portfolio.

What is Ripple (XRP)?

Ripple was first issued in 2012, 3 years after the original crypto, Bitcoin was launched as the first cryptocurrency ever to be created. The infrastructure of Ripple’s chain ecosystem was written in the same programming language as Bitcoin, C++, however, it appears to be a faster and more scalable option than the original digital asset.

Ripple is unique in the world of cryptoverse, mostly due to the fact that this blockchain foundation actually has three different solutions based on blockchain technology, xRapid, xVia, and xCurrent.

xRapid is being used for establishing liquidity, which means that xRapid is the only solution offered by Rile that actually uses their asset XRP that you can invest in. By investing in XRP and purchasing the amount of XRP that you have planned, you are actually gaining access to a massive system which utilizes fast, private, and cheap payments while offering liquidity and real-time global transactions.

xVia and xCurrent are solutions for sending and processing payments, however, these blockchain solutions don’t need XRP in order to be able to work, which means that only xRapid utilizes XRP while xVia and xCurrent are being offered as alternative banking solutions, now being tested and used by banking giants like Santander Bank, SBI, Money Gram and Western Union.

How Does Ripple Work?

All XRP (XRP) units should be safely stored in a digital wallet designed for holding Ripple’s official currency, however, you can use XRP to send your money in form of digital assets to multiple recipients in only a couple of seconds, which makes xRapid one of the fastest processing solutions created by Ripple foundation.

It was even recorded that an unknown sender was able to anonymously send 9.5 million dollars in Ripple to another anonymous recipient in a matter of around 150 seconds while taking a fee of only 1.5$ per single multi-million transaction without having miners validating blocks in order to send payments as XRP (XRP) is not mineable.

So, XRP and xRapid are offering fasters and cheaper cross-border payments, that way aiming at revolutionizing the face of the banking and fintech industry likewise.

Precisely for being related to numerous banking and financial institutions, Ripple and the CEO of Ripple, Brad Garlinghouse are often accused of embracing centralization, pointing out at xVia and xCurrent which are being utilized and tested for global payments by many financial institutions, that way making Ripple one of the most commonly integrated technologies while heading towards mass adoption.

Should I Invest in Ripple (XRP)?

Ripple is ranked as the third-best currency in accordance with the official coin list, which tells a lot about the readiness of crypto enthusiasts, traders, holders, and investors in purchasing XRP.

However, Ripple’s currency seems to be on the line with recent accusations of not actually being currency, with many people claiming that XRP is actually a security and that the Ripple foundation is using investors money shown in XRP investments in order to fund their own business ventures. That is how Ripple is currently facing three different lawsuits while XRP is waiting for the Securities and Exchange Commission to place a stamp on the decision which will rule out or confirm XRP as a security.

But, is XRP really a security?

With utmost modesty, it could be easily said “NO, XRP is a currency”, and the CEO of Ripple, Brad Garlinghouse has a simple but logical explanation that clarifies this burning issue.

As stated by Garlinghouse, Ripple is not a security, stating that the simple fact mirrored in the case that XRP would still exist as currency even if Ripple foundation would be long gone with xVia and xCurrent, as xRapid and XRP coexist within a decentralized ecosystem where XRP represents a native currency of the network.

While the SEC is being waited on to decide on the fate of XRP, it is most certainly the case that Ripple’s XRP makes up for one of the top investments for under one dollar per one unit, while currently going up towards 0.50$ with the latest rise.