沃伦·巴菲特（Warren Buffett）有一天能否投资于XRP（Crypto：XRP）等金融科技转移金融科技？

传统价值投资者可以喜欢Herlet迅速回顾XRP的投资论文，以表明为什么它可能会吸引巴菲特。

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?

沃伦·巴菲特（Warren Buffett）以其价值投资理念而闻名，这使他获得了从美国运通（American Express）到苹果（Apple）的公司的股份。但是，尽管他对加密货币的强烈厌恶，但他是否曾经想过像XRP（Crypto：XRP）这样的金融技术投资？

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.

无法确定奥马哈的甲骨文是否真的想购买这种硬币。但是，如果他愿意娱乐这个想法，他可能会欣赏一些事情。因此，让我们研究XRP如何与他最伟大的投资背后的原则保持一致。

A lot to like for traditional value investors

传统价值投资者非常喜欢

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

这是XRP的投资论文的快速回顾，以表明为什么它可能吸引巴菲特。

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.

从本质上讲，XRP是一种旨在促进国际边界各地低成本，高速和高度可靠的货币转移的硬币。目标用户群包括金融机构，例如银行和货币兑换清算房屋，两者通常都处理大量转移。但是，借助当前正在使用的旧技术，用户最终可以每次转移支付高达50美元或更多的费用，而且他们的交易最多可能需要五个工作日才能解决并支付货币兑换费。相比之下，XRP交易在几分钟之内就定居了，平均成本仅为一分钱；该网络使用这些费用来支付技术升级和营销。

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.

巴菲特当然喜欢投资金融技术公司和支付处理器，只要他可以以合适的价格收购它们。除了American Express，他还在Visa和MasterCard中担任较高的职位，所有这些都是付款加工行业的早期创新者。

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.

这些公司的业务模型反映了巴菲特首选的方法。卡公司没有直接向消费​​者出售产品，而是便利从消费者到企业的付款，以简化交易两端的流程，从而捕获每笔付款的一小部分。

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.

这个想法不是要提前产生大量收入，而是通过攻入更多的企业和持卡人，捕获更多的付款和稳定的费用来逐步扩大支付网络。这些费用很容易落在底线上，因为在构建网络的大量成本被吸收后，几乎没有处理每笔额外的付款成本。一旦这些球员达到一定的规模，他们有效地拥有了一种保护自己利润的经济护城河，因为市场的新进入者将不得不努力通过推出新硬件并向已经习惯使用竞争的用户提供新卡来建立新的卡片。产品。

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

只要看看这个过程在过去的10年中对巴菲特的支持的表现如何：

^SPX Total Return Level data by YCharts

^SPX YCHARTS的总回报级数据

Now, consider XRP's position today.

现在，考虑XRP今天的立场。

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.

它提供的服务比现有的国际资金转移方法便宜，更快，更方便。处理每笔交易不是主要费用，但是可以可靠地从任何给定用户收取多年的费用。仅在过去的五年中，XRP的价格上涨了800％以上。全球所有潜在用户都无法从使用硬币而不是较旧的系统中受益的所有潜在用户，因此它可能会有很多年的增长。

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

换句话说，XRP看起来很像巴菲特的股票，即使他不拥有它。

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购买XRP。他甚至不太可能认为这是一个真正的投资机会，因为它是一种加密货币，而不是具有估值计算的股票的传统公司。

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由于某种原因是流行的加密货币。关于为什么今天购买它的原因有很多论点，这意味着将来有更多的钱，何时它的核心价值生成过程将有更多的时间产生费用，而更多的用户则求助于处理跨境交易。与巴菲特购买的信用卡业务不同，XRP现在最大的竞争被过时的技术困住了，因此这并不是什么威胁。

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.

这不能保证硬币会在短期内上升。不过，如果您愿意在巴菲特风格的一段时间内坚持XRP，那么多年 - 获得大幅利润的几率对您有利。

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

您现在应该在XRP上投资1,000美元吗？

Before you buy stock in XRP, consider this:

在您购买XRP股票之前，请考虑以下方式：

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分析师团队刚刚确定了他们认为现在可以购买的10个最佳股票……而XRP不是其中之一。裁员的10个股票可能会在未来几年产生怪物回报。

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!*

考虑一下NVIDIA在2005年4月15日列入此列表的时间...如果您在建议时投资1,000美元，您将有854,317美元！*

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

股票顾问为投资者提供易于遵循的蓝图