沃倫·巴菲特（Warren Buffett）有一天能否投資於XRP（Crypto：XRP）等金融科技轉移金融科技？

傳統價值投資者可以喜歡Herlet迅速回顧XRP的投資論文，以表明為什麼它可能會吸引巴菲特。

Warren Buffett is renowned for his value investing philosophy, which has led him to acquire shares in companies ranging from American Express to Apple. But could he ever be tempted to invest in a money transfer fintech like XRP (CRYPTO: XRP), despite his strong aversion to cryptocurrencies?

沃倫·巴菲特（Warren Buffett）以其價值投資理念而聞名，這使他獲得了從美國運通（American Express）到蘋果（Apple）的公司的股份。但是，儘管他對加密貨幣的強烈厭惡，但他是否曾經想過像XRP（Crypto：XRP）這樣的金融技術投資？

It's impossible to say for sure whether the Oracle of Omaha would actually want to buy this coin. But there are a few things about it that he might appreciate, if he were willing to entertain the idea at all. So, let's examine how XRP might align with the principles behind some of his greatest investments.

無法確定奧馬哈的甲骨文是否真的想購買這種硬幣。但是，如果他願意娛樂這個想法，他可能會欣賞一些事情。因此，讓我們研究XRP如何與他最偉大的投資背後的原則保持一致。

A lot to like for traditional value investors

傳統價值投資者非常喜歡

Here's a quick recap of the investment thesis for XRP to show why it might appeal to Buffett.

這是XRP的投資論文的快速回顧，以表明為什麼它可能吸引巴菲特。

In essence, XRP is a coin that aims to facilitate low-cost, high-speed, and highly reliable money transfers across international borders. The target user base comprises financial institutions such as banks and currency exchange clearing houses, both of which typically handle a large volume of these transfers. However, with the legacy technology currently in use, users can end up paying as much as $50 or more per transfer, and their transactions can take up to five business days to settle and be subject to currency exchange fees. In contrast, XRP transactions settle within a couple of minutes and cost just fractions of a penny on average; the network uses those fees to pay for tech upgrades and marketing.

從本質上講，XRP是一種旨在促進國際邊界各地低成本，高速和高度可靠的貨幣轉移的硬幣。目標用戶群包括金融機構，例如銀行和貨幣兌換清算房屋，兩者通常都處理大量轉移。但是，借助當前正在使用的舊技術，用戶最終可以每次轉移支付高達50美元或更多的費用，而且他們的交易最多可能需要五個工作日才能解決並支付貨幣兌換費。相比之下，XRP交易在幾分鐘之內就定居了，平均成本僅為一分錢；該網絡使用這些費用來支付技術升級和營銷。

Buffett certainly likes to invest in financial technology companies and payment processors, as long as he can acquire them at the right price. In addition to American Express, he also has large positions in Visa and Mastercard, all of which were early innovators in the payments processing industry.

巴菲特當然喜歡投資金融技術公司和支付處理器，只要他可以以合適的價格收購它們。除了American Express，他還在Visa和MasterCard中擔任較高的職位，所有這些都是付款加工行業的早期創新者。

The business models of these companies reflect Buffett's preferred approach. Rather than selling a product directly to consumers, the card companies facilitate payments from consumers to businesses to streamline the process for both ends of the transaction, capturing a small portion of each payment.

這些公司的業務模型反映了巴菲特首選的方法。卡公司沒有直接向消費​​者出售產品，而是便利從消費者到企業的付款，以簡化交易兩端的流程，從而捕獲每筆付款的一小部分。

The idea is not to generate a lot of revenue upfront but to gradually expand the payment networks by onboarding more businesses and cardholders, capturing more payments and a steady stream of increasing fees. Those fees easily fall to the bottom line because processing each additional payment costs very little after the massive cost of building the network has been absorbed. Once these players reached a certain size, they effectively had an economic moat that protected their margins, as new entrants to the market would have to struggle to get established by rolling out new hardware and offering new cards to users who were already accustomed to using competing products.

這個想法不是要提前產生大量收入，而是通過攻入更多的企業和持卡人，捕獲更多的付款和穩定的費用來逐步擴大支付網絡。這些費用很容易落在底線上，因為在構建網絡的大量成本被吸收後，幾乎沒有處理每筆額外的付款成本。一旦這些球員達到一定的規模，他們有效地擁有了一種保護自己利潤的經濟護城河，因為市場的新進入者將不得不努力通過推出新硬件並向已經習慣使用競爭的用戶提供新卡來建立新的卡片。產品。

Just look at how well that process has played out in Buffett's favor over the past 10 years alone:

只要看看這個過程在過去的10年中對巴菲特的支持的表現如何：

^SPX Total Return Level data by YCharts

^SPX YCHARTS的總回報級數據

Now, consider XRP's position today.

現在，考慮XRP今天的立場。

It offers a service that is cheaper, faster, and more convenient than the existing methods for making international money transfers. Processing each transaction is not a major expense, but it can reliably reap fees from any given user for years and years. XRP's price has increased by more than 800% over the past five years alone. It is nowhere near onboarding all of the potential users globally that could benefit from using the coin instead of older systems, so it likely has many years of growth ahead.

它提供的服務比現有的國際資金轉移方法便宜，更快，更方便。處理每筆交易不是主要費用，但是可以可靠地從任何給定用戶收取多年的費用。僅在過去的五年中，XRP的價格上漲了800％以上。全球所有潛在用戶都無法從使用硬幣而不是較舊的系統中受益的所有潛在用戶，因此它可能會有很多年的增長。

In other words, XRP looks a lot like a Buffett stock even though he doesn't own it.

換句話說，XRP看起來很像巴菲特的股票，即使他不擁有它。

Think for yourself

想自己

Don't hold your breath waiting for Buffett to buy XRP. It's unlikely that he would even consider it to be a real investment opportunity because it's a cryptocurrency rather than a traditional company with a stock he could size up with a valuation calculation.

不要屏住呼吸等待巴菲特購買XRP。他甚至不太可能認為這是一個真正的投資機會，因為它是一種加密貨幣，而不是具有估值計算的股票的傳統公司。

But XRP is a popular cryptocurrency for a reason. There are many arguments for why buying it today will mean having more money in the future, when its core value-generation process will have had even more time to generate fees, and many more users turn to it for processing cross-border transactions. And unlike the credit card businesses Buffett bought, XRP's biggest competition right now is stuck with obsolete technology, so it isn't much of a threat.

但是XRP由於某種原因是流行的加密貨幣。關於為什麼今天購買它的原因有很多論點，這意味著將來有更多的錢，何時它的核心價值生成過程將有更多的時間產生費用，而更多的用戶則求助於處理跨境交易。與巴菲特購買的信用卡業務不同，XRP現在最大的競爭被過時的技術困住了，因此這並不是什麼威脅。

That is no guarantee that the coin will go up in the near term. Still, if you're willing to hold onto your XRP for a Buffett-esque period of time -- many years -- the odds of reaping big profits are in your favor.

這不能保證硬幣會在短期內上升。不過，如果您願意在巴菲特風格的一段時間內堅持XRP，那麼多年 - 獲得大幅利潤的機率對您有利。

Should you invest $1,000 in XRP right now?

您現在應該在XRP上投資1,000美元嗎？

Before you buy stock in XRP, consider this:

在您購買XRP股票之前，請考慮以下方式：

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and XRP wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Motley Fool Stock Advisor分析師團隊剛剛確定了他們認為現在可以購買的10個最佳股票……而XRP不是其中之一。裁員的10個股票可能會在未來幾年產生怪物回報。

Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $854,317!*

考慮一下NVIDIA在2005年4月15日列入此列表的時間...如果您在建議時投資1,000美元，您將有854,317美元！*

Stock Advisor provides investors with an easy-to-follow blueprint for

股票顧問為投資者提供易於遵循的藍圖