Why Panos Mekras Invested in XRP
Panos Mekras, a prominent blockchain consultant and financial technology expert, recently shared his reasons for investing in XRP. According to Mekras, he holds XRP because of its promising potential and highly efficient underlying technology. He is also impressed by the numerous developers and projects within the ecosystem. For Mekras, the appeal of XRP is not solely based on Ripple’s developments or announcements.
“I hold $XRP because of its potential, which is derived from its utility and super-efficient technology it is based on, the hundreds of builders and projects building cool stuff and bringing innovations in the ecosystem – not Ripple, their developments/announcements or riddles.”
Investment Options: Ripple IPO vs. XRP Tokens
In a recent discussion about investing in Ripple’s potential IPO or XRP tokens, Mekras presented two distinct avenues for investment. The first option is to invest in Ripple’s IPO for those who have confidence in the company and its business model. The second option is to invest in XRP tokens for investors who see more value in the XRP Ledger (XRPL), a versatile digital asset platform.
Mekras acknowledges that investing in Ripple is generally considered safer but believes that XRP offers higher returns due to its potential to attract numerous companies and users.
Allocating Investments: Ripple Stock vs. XRP Tokens
Mekras suggests that investors who lean more towards Ripple should allocate a larger portion of their investment to Ripple’s stock. However, he agrees that investing in both Ripple’s stock and XRP tokens is also a possibility.
“🔸 If you believe more in Ripple and their business model then go for Ripple’s stock.
🔹 If you believe more in XRP/XRPL, which is a universal digital asset used for multiple use cases and a tech that anyone can use and build upon, go for XRP.”
Ripple’s Potential IPO and XRP’s Role
According to a CNBC article from May 2022, Ripple is considering going public through an IPO after resolving its legal battle with the SEC. Ripple utilizes XRP, the world’s sixth-largest cryptocurrency, to facilitate faster and more cost-effective international payments. This is achieved by converting traditional currency into XRP and back into fiat, resulting in lower expenses and quicker transaction times.
Hot Take: The Promise of XRP Investments
Investing in XRP holds great potential due to its efficient technology and the innovation happening within its ecosystem. While Ripple’s IPO may be a safer option for some investors, those seeking higher returns may find more promise in XRP. As the XRP Ledger continues to attract companies and users, the investment opportunity expands beyond a single company like Ripple. Consider your beliefs in Ripple’s business model and the universal digital asset of XRP when making your investment decisions.
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