What is Ripple (XRP)?
Ripple is a Real Time Gross Settlement (RTGS) payment processing system and currency exchange. It is built upon a distributed open source internet protocol, consensus ledger and native cryptocurrency called XRP(ripples). At its core, Ripple is a cryptocurrency with several advantages over simple cryptocurrencies, like Bitcoin. Ripple purports to enable secure and nearly free global financial transactions of any size with no chargebacks. It supports token representing fiat currency, cryptocurrency, commodity or another unit of value such as frequent flier miles or mobile minutes.
Ripple (XRP): History
Ripple was announced in the year 2012. Arthur Britto, David Schwartz, and Ryan Fugger were the major contributors behind this concept and release. Over100 billion XRPs were produced during the inception of Ripple, and the protocol doesn’t allow the creation of new XRP. Various leading banks from all over the world have adopted Ripple Transaction Protocol as their choice for inter-currency transactions, which take 3-5 seconds. Then it opened up many offices in several countries.
How Does Ripple (XRP) Work?
Ripple give 3 services such as xCurrent to process global transactions, xRapid to offer on-demand liquidity and xVia for business payments. When someone initiates a Ripple payment (local or global), the transaction is approved by the Consensus ledgers. The amount (in sender’s currency) is then converted into XRP, and the same XRP is sent to the receiver. Then, the XRP is converted to the local currency and sent to the receiver.
How to Buy Ripple (XRP)?
First, you need to create a Ripple (XRP) wallet to store your coins. Then set up a password for the wallet so that nobody can access your coins. If you forget the password of your wallet, then you lose access to your coins. You can buy Ripple by buying Bitcoin from Coinbase or another exchange. Then bitcoin can be sent to any number of exchanges and traded for XRP.
Ripple (XRP) Price Prediction 2018
XRP can be a profitable investment option. Ripple price equal to 0.797 USD at 2018-02-05. If you buy Ripple for 100 dollars today, you will get a total of 125.510 XRP. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-02 is 5.521 US Dollars. With a 5-year investment, the revenue is expected to be around +592.97%. Your current $100 investment may be up to $692.97 in 2022. Ripple (XRP) price today is $0.807465 and have the current supply of 39,009,215,838 XRP. The market cap value is $31,498,576,467, and the volume is marked as $1,179,080,000. Ripple (XRP) price today, Ripple (XRP) where to buy, Ripple (XRP) price chart, Ripple (XRP) history, Ripple (XRP) market cap, Ripple (XRP) exchanges, Ripple (XRP) mining, Ripple (XRP) mining software.