In a recent Twitter post, Panos Mekras, a well-known blockchain consultant and financial technology expert, shared his reasons for investing in XRP. Mekras, who is the Founder of DigitalGen Financial Services and Co-Founder of Anodos Finance, highlighted the potential of XRP and its efficient underlying technology as the main drivers of his investment.
Mekras emphasized that his decision to invest in XRP is not influenced by Ripple’s developments, announcements, or cryptic hints. Instead, he sees the appeal of XRP in its utility and the innovative projects being built within its ecosystem. Mekras believes that XRP has promising potential due to its highly efficient technology and the hundreds of developers and projects working on it.
Earlier this month, Mekras engaged in a discussion about whether to invest in Ripple’s potential IPO or in XRP tokens. He presented two distinct options for investment. The first option is to invest in Ripple’s potential IPO, which Mekras recommends for those who have more confidence in Ripple as a company and its business model.
The second option is to invest in XRP tokens, which Mekras suggests for investors who see more value in the XRP Ledger (XRPL), a versatile digital asset platform. While investing in Ripple is generally considered safer, Mekras believes that XRP offers higher returns and a more expansive investment opportunity. He argues that the XRP Ledger has the potential to attract thousands of companies and millions of users, making it a more promising avenue for investors.
Mekras also acknowledged the possibility of investing in both Ripple’s stock and XRP tokens, but advised that those leaning more toward Ripple and its business model should allocate a larger portion of their investment to Ripple’s stock.
Ripple has been contemplating going public through an IPO after resolving its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The company employs XRP, which is currently ranked as the world’s sixth-largest cryptocurrency, to facilitate quicker and more economical international payments. By converting traditional currency into XRP and then back into fiat, Ripple aims to lower expenses and speed up transaction times.
In conclusion, Panos Mekras’s investment in XRP is driven by the coin’s promising potential and efficient technology, as well as the various projects and developers working within the XRP ecosystem. While Ripple’s IPO may be a safer investment, Mekras sees higher returns and a more expansive opportunity in XRP.
