Bitcoin and Ripple in the Next 50 Years
Introduction
Cryptocurrencies, like Bitcoin and Ripple, are often talked about as a fad or passing fads. But that doesn’t mean they aren’t important: Cryptocurrencies will play a significant role in our financial future.
Bitcoin will become a dominant digital currency
Bitcoin is the first global currency. It’s being used by millions of people and businesses, who believe that it has the potential to be a store of value like gold or fiat currencies. Bitcoin is already being used for international payments, micropayments, and even credit card fraud prevention (by some banks). In fact, it may even replace cash in your wallet!
Ripple’s distributed ledger system will be used for cross-border transactions
Ripple’s distributed ledger system will be used for cross-border transactions. The XRP token is the primary currency used in the Ripple network, and it facilitates transactions between banks and financial institutions.
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