Years go by, people change and technology evolves. This last point is becoming a determining factor of the day to day of the vast majority of societies. New technologies arrive, mutate and grow to turn everything upside down and change countless situations that have been established for years and years.

All we need is an example to illustrate this change. A decade ago, when we had the intention of talking to someone who was far from home, we would pick up a mobile phone and call; Now, we continue to pick up the phone, but with a message that is sent over the Internet for free we get the same result.

As this case we have infinity. Reflections of those changes that affect both the small and the large scale, the most minute aspects and the most important ones. The forecasts, in fact, point to the speed of this evolution is accentuated and continue to alter infinity of paradigms, and one of them aims to be the economic. The traditional money can have the days counted, although it does not look to do it in the short term.

And who aspires to be his substitute? The cryptocurrency. A virtual money, intangible, but tremendously valid for all types of transactions through the Internet (and already in some physical facilities) and that has many variants that we all know to a greater or lesser extent.

We could talk about Bitcoin, this cyber-currency that has been around for years and has seen in this monetary unit. However, the case we want to address is the Ripple, another aspect that is also young, but little by little a road is being forged that aspires to take it into account in the future. So much so, that investing in Ripple in Spain is the question most demanded by many financial market agents.

Ripple, another child of cryptocurrencies and banks

Although it is less popular, the truth is that the Ripple (XMR) is prior to Bitcoin. It was born in 2004 by Ryan Fugger, inventor of the RipplePay payment system. Its intention was to establish a decentralized financial system that would give anyone the possibility of being their own bank, without the need for intermediaries or entities that influence their activity or their value.

It was not until 2012 when Jed McCaleb and Chris Larsen founded OpenCoin after taking over Ripple. This company was the one that began to develop the security protocol and cryptocurrency generation, in addition to the network that would be used to process their exchanges.

Things looked good, OpenCoin was renamed Ripple Labs, Inc. in September 2013 and the business went ahead. However, the Financial Crimes Network of the United States Treasury imposed a fine of 700 thousand dollars in 2015 for violating the Bank Secrecy Act for not duly registering their company.

This was preceded by another name change for the company, which would finally assume the name of Ripple and, in 2016, permission to operate as digital currency was finally obtained. Now, the race began.

And he did it at great speed. On June 13, 2016, approval would be received from the New York State Department of Financial Services and, in September of that same year, a collection of $ 55 million would be obtained thanks to the first investors. The large banking entities began to join the project, taking names such as the Santander bank or BBVA among them.

At present, although its fame is not widespread among the community, it does enjoy appreciation among investors. Your current goal is to get a good position within the financial industry with RippleNet or become a standard when making payments between banks and, when you get it, you can register and start to add value.

The only blip that may be in your way is another open source alternative that also relies on the blockchain system for obtaining it, Stellar. Currently enjoys a good position in payments between people and banks, and may be who ends up leaving the Ripple out of the radars.

At the moment, the health of the XMR is quite solid. Its current value is 2.45$ but it has become the second largest cryptocurrency by market capitalization. There is much to see in this field, but his name is a firm candidate to be a reference to follow closely.