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Blockchain consultant and financial technology expert, Panos Mekras, recently shared his reasons for investing in XRP. Mekras, who is the Founder of DigitalGen Financial Services and Co-Founder of Anodos Finance, holds XRP due to its promising potential and highly efficient underlying technology. He is also influenced by the numerous developers and projects innovating within the XRP ecosystem. Mekras emphasizes that his interest in XRP is not solely based on Ripple's developments or announcements.
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 avenues for investment. The first option is to invest in Ripple's potential upcoming IPO, which he recommends for those who have greater confidence in Ripple as a company and its underlying business model.
The second option is to invest in XRP tokens, which Mekras believes offers more value. He sees the XRP Ledger (XRPL) as a versatile digital asset platform with the potential to attract thousands of companies and millions of users. Mekras suggests that XRP has "much bigger expected returns" compared to Ripple's stock, as the XRPL presents a more expansive investment opportunity.
Mekras also advises that investors who are leaning more toward Ripple and its business model should allocate a larger portion of their investment to Ripple's stock. However, for those looking for higher returns, XRP is a more promising avenue.
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 (SEC). Ripple utilizes XRP to facilitate faster and more cost-effective international payments by converting traditional currency into XRP and back into fiat.
Overall, Mekras's investment in XRP is based on its potential and the innovative projects within the XRP ecosystem, rather than Ripple's developments or announcements.
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