Connect with us


Are IOTA and Ripple the Future of Crypto Apps?

Crypto apps are a new and exciting technology that will change the way we invest forever. Mobile apps allow you to easily and conveniently invest in your favorite companies without the need for a bank or brokerage account. While IOTA and Ripple are promising candidates, at the moment, Bitcoin is still the king on the crypto market.



IOTA and Ripple are two of the fastest-growing cryptocurrencies. With a growth of over 500% in the past five years, the two blockchains are two of the most popular investments in the crypto market. Yet, it is no secret that both currencies have weaknesses in terms of transaction fees and scalability, especially when it comes to large transactions.

Nevertheless, many believe that the future of mobile investing and payments lies in the hands of cryptocurrencies like Iota and Ripple. But will the two Bitcoin competitors continue their meteoric growth in the future, or will they fade into irrelevance?

Read more on the subject and find the most important business headlines with our companion app Born2Invest.

What are IOTA and Ripple?

IOTA is an interesting cryptocurrency as it is expected to form the backbone of IoT technology by enabling micro-transactions between machines. IOTA’s growth is due to its compelling concept. Unlike other cryptocurrencies that are only used as payment systems, IOTA, just like Ethereum, can also be programmed to do things like create smart contracts or run decentralized organizations. IOTA is one of the newest emerging cryptocurrencies in the country, offering unique features like zero fees and infinite scalability by using tangle rather than blockchain technology. Unfortunately, these advantages come at a price: by establishing coordinator nodes that are not decentralized, the network is less secure than other blockchains.

Ripple is a decentralized currency designed for businesses with its fast, low-cost transactions. It does not require mining to verify transactions. It also offers currency exchange, which means users can convert fiat money (dollars, euros) to XRP and vice versa. For this, those who want to buy ripple have to search for the related token XRP.

Mobile investing and payment

Crypto apps are a new and exciting technology that will change the way we invest forever. Mobile apps allow you to easily and conveniently invest in your favorite companies without the need for a bank or brokerage account. Mobile crypto apps, like blockchains themselves, rely on distributed ledger technology to store all transactions, making them much more secure than traditional trading. The future of blockchain technology is promising. Ultimately, though, it all depends on your personal preferences and risk tolerance.

The future of blockchain technology

Crypto apps are a great thing because they open up countless possibilities and the development is just beginning. The theory behind each cryptocurrency can be overwhelming at first. A mobile app simplifies the process by providing a one-stop store for all cryptocurrencies. You can buy, sell or exchange cryptocurrencies, track your portfolio and even send cryptocurrencies to friends, all in seconds and from anywhere.

Is it worth investing in Ripple or IOTA?

When it comes to short-term profit, Bitcoin is still king. With its massive distribution and network effect, Bitcoin is the most popular cryptocurrency on the market. Its price has dropped a bit recently due to regulatory concerns, but it remains a safe bet for investors looking to make a quick buck. However, if you’re looking for a long-term investment where you can still get in on the cheap, you’d be better off looking elsewhere.

IOTA is designed as a peer-to-peer network for microtransactions between machines, so here you are investing in an idea and the team behind it rather than a currency. Nevertheless, the concept could catch on and ensure that the value increases significantly. A corresponding trend can already be observed. Ripple is a similarly promising candidate, with a solid concept and a large community supporting the project. In any case, the fact that both currencies can solve a variety of information technology problems makes them ideal for mobile use cases in the near future.


(Featured image by Traxer via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in Android Digital, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Michael Jermaine Cards is a business executive and a financial journalist, with a focus on IT, innovation and transportation, as well as crypto and AI. He writes about robotics, automation, deep learning, multimodal transit, among others. He updates his readers on the latest market developments, tech and CBD stocks, and even the commodities industry. He does management consulting parallel to his writing, and has been based in Singapore for the past 15 years.