

With the announcement yesterday that Ripple will be placing $55 billion XRP into escrow for slow release, I finally decided to invest in some XRP. By the end of 2017, the company will apparently place 55 billion of its XRP into escrow and will sell up to 1 billion into the market every month.

Ripple always seemed to be scorned for its huge coins in circulation and the fact that the company owned so many XRP. In some ways it's the opposite to Bitcoin and Ethereum that are decentralised as the centralised company works with big banks and business to provide a commercial solution using block chain technology. It's an investment I've decided to make based on this, to diversify my holdings in coins. The price has increased significantly in the recent months, but I think it's just the start of the movement as people start to realise that big banks and legitimate business are buying into the company.

I'll hold Ripple for the ultra long-term. It's not going to be an exciting growth story, but I expect it will steadily do well in the long run (10 years?).