Panos Mekras, a prominent blockchain consultant and financial technology expert, has revealed why he has invested in XRP. Mekras, the Founder of DigitalGen Financial Services and Co-Founder of Anodos Finance, believes in the potential of XRP due to its efficient underlying technology and the numerous developers and projects within its ecosystem. Unlike many investors, Mekras is not primarily influenced by Ripple’s developments or announcements. He recently discussed the choice between investing in Ripple’s potential IPO or XRP tokens, offering two distinct avenues for investment.
The first option Mekras presented is to invest in Ripple’s potential IPO for those who have confidence in Ripple as a company and its business model. However, for investors seeking higher returns, Mekras recommends investing in XRP tokens. He argues that XRP has much bigger expected returns compared to Ripple’s stock. Mekras believes that the XRP Ledger has the potential to attract thousands of companies and millions of users, making it a more expansive investment opportunity than Ripple. He also suggests that investors interested in both Ripple’s stock and XRP tokens should allocate a larger portion of their investment to Ripple’s stock if they have more faith in Ripple and its business model.
Ripple, the company behind XRP, has been considering going public through an IPO after resolving its legal battle with the U.S. Securities and Exchange Commission. Ripple utilizes XRP to facilitate faster and more cost-effective international payments by converting traditional currency into XRP and then back into fiat. XRP is currently ranked as the world’s sixth-largest cryptocurrency.