Ripple (XRP) – What is it, how to buy, price chart

What is Ripple

Ripple’s ambition is to free internet payments from exchange fees, transaction processing, as well as significant time delays between sending and receiving payments. Ripple is working with central banks to create CBDC (Central Bank Digital Currency) as well as with cladic banks to speed up their transactions. Ripple acts here as a “gateway currency” for traditional fiat currencies (USD, GBP, CZK, EUR)

History and origin

The Ripple cryptocurrency was created in 2012 and at the time of its creation exactly 100 billion XRP tokens had been issued, with no more to be created. However, the vast majority of these tokens are owned by Ripple Labs (Ripple).

Why buy XRP

• Speculation: XRP has partnered with major banking houses across the world, from the Bank of London to the Central Bank of New Zealand. If its system becomes globally used, its token price will fly very high.
• Fast and cheap transactions: Ripple’s platform enables fast and cheap international transactions, which may be of interest to banks and other financial institutions.
• Scalability: the Ripple platform is designed to be scalable and handle a large volume of transactions.

Investing in XRP:

XRP is a volatile asset whose price can fluctuate sharply. This makes it both a risky investment and a potentially profitable one. If you are considering investing in XRP, it is important to do your own research and consider your risks.

Buying and selling XRP:

XRP can be bought and sold with Czech crowns and a convenient bank transfer at our Simplecoin crypto exchange.

What do I need to buy XRP?

A Ripple wallet is required to hold (store) XRP. With it, you will be in control of your XRP and no one can confiscate it as long as you own a backup to that wallet.

We can recommend the Coinomi wallet, which can be downloaded to iOS, Android and PC via the official site here.

How to buy XRP

To buy XRP at Simplecoin exchange you only need an XRP wallet. You can then buy up to 200 Euros in 10 days without registration. For higher investments, you need to upload two pieces of identification. Details can be found here.

Conclusion

XRP is a well-established cryptocurrency that is still at the top of the cryptocurrency ladder. It can rise and fall quickly, and it is a holy grail for the community to see it climb to $1 one day.

Read more:

XRP official site: https://ripple.com/

Wikipedia: https://cs.wikipedia.org/wiki/Ripple

Transaction Explorer: https://xrpscan.com/

A signpost to other cryptocurrencies:

• Bitcoin (BTC) 
• Ethereum (ETH)
• Litecoin (LTC) 
• Dogecoin (DOGE) 
• Ripple (XRP)
• Bitcoin Cash (BCH) 
• USD Coin (USDC) 
• Zcash (ZEC)

Important Notice:

This page is for informational purposes only and does not constitute investment advice. Investing in cryptocurrencies is risky and you should consider the risks before embarking on any investment.