are three major cryptocurrencies you should know about.
You’re probably already familiar with Bitcoin, which, as the original cryptocurrency, has gained plenty of ground in online commerce. However, three cryptocurrencies―Tether, Ripple, and Stellar―are pursuing distinctive goals that set them apart from Bitcoin. These cryptos provide unique investment opportunities and should not be overlooked. Here’s what you need to know.
Tether is a stablecoin: unlike Bitcoin, it is always worth $1.00 USD. Since Tether’s value doesn’t change, you won’t make money by holding it. It isn’t meant to be spent, either. Instead, you can quickly sell your Bitcoin for Tether during periods of price volatility, then reinvest when the market settles down. You can sell Bitcoin for regular fiat currency as well, but selling for Tether is generally faster.
Ripple is the third largest cryptocurrency. Unlike Bitcoin, it is not primarily intended for everyday payments. Instead, Ripple is targeted at banks and financial institutions. Ripple’s xRapid platform allows banks to perform fast and inexpensive money transfers. This product has been adopted by many notable institutions, allowing Ripple to gain significant recognition within mainstream finance.
Stellar is the eighth largest cryptocurrency. It is notable for its role in IBM Worldwire, a new payment system that facilitates international bank transfers. However, Stellar is meant to be more open and inclusive than Ripple, and it can easily be used by small banks and other projects. These minor differences make Stellar an investment that pairs well with Ripple.
Ready to Buy?
At the moment, Jubiter doesn’t support Tether, Ripple, or Stellar. However, many more cryptocurrencies will be added to Jubiter in the future. Make sure to watch our blog and be the first to find out when we add new cryptos. Until then, you can use our exchange to purchase Bitcoin and Litecoin―two of the most important crypto investments you can make.
Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.