XRP (XRP) / USD
$0.51 -2.26%down XRP current price is $0.51 with a marketcap of 27.32 B. Its price is -2.26% down in last 24 hours.
Ripple is a set of rules or operating protocols with its digital payment network and a crypto asset based on blockchain technology. The native digital asset of Ripple is known as XRP on various exchanges. Rather than the widely used mining methodology, Ripple (known initially as OpenCoin) differs by prevailing on a common consensus mechanism through a group of servers. The consensus essentially means that only by unanimous agreement of designated users can changes be brought about on the Ripple blockchain. Looking at the market cap valuations of tokens based on blockchain technology, Ripple stands as one of the most valuable crypto assets and is usually within the top 10. In comparison to Bitcoin, Ripple is in a league of its own, with advantages including faster transaction time, lesser operational costs for users, and reduced energy consumption. It was founded in 2012 by Jed McCaleb and Chris Larsen (built on the ledger by Ryan Fugger), part of Ripple Labs Inc. Ripple’s main plan is to be an asset and payments exchange or remittance system with need-of-the-hour features. These features include removing the operational dependencies on banks and eliminating the involvement of cumbersome intermediaries that come with the conventional SWIFT transfers on which centralised banks depend. Ripple allows for such transactions across geographies and currencies, making it very convenient and cost-effective, with all this being possible in real-time. Ripple has become a preferred partner for various global banks and financial institutions that work in tandem with the platform by collaborating as its customers.
About The Ripple Blockchain:
As a peer-to-peer network and open-source platform, Ripple amplifies its potential to become a payment network that can cut across global borders. It becomes vital to know that Ripple is only partially decentralised as it does not use the proof-of-work method of consensus, unlike many of its peers. Instead, it relies on an XRP ledger, and its protocol is used as a layer of settlement. A ‘gateway’ of sorts is used to make these transfers between individuals or entities, which acts as a credit intermediary. One can register on the gateway, transact crypto assets, sustain liquidity, and exchange payments. There is no discrimination on the Ripple platform regarding fiat currency and crypto assets, making it a preferred choice for many. Therefore, it is well on its way to catalyzing the mass adoption and inclusivity factors that the other digital assets may currently lack. Ripple is referred to as a ‘hawala network’ grounded on the blockchain. The average transaction times range from 3 to 5 seconds which are minimal compared to many blockchain platforms.
Ripple also has a platform that enables payment services based on blockchain by assisting RippleX. Financial institutions and retail bankers can use RippleX to make transactions and save time, money, and effort in building their decentralised apps or dApps. RippleX currently provides two protocols for its payment-oriented services: ‘Interledger’ and ‘PayString.’ Overall, Ripple or XRP is lauded for its ability to become a complementary or future replacement for cross-border financial transactions.
How to Buy Ripple (XRP) Coin?
You can get started with just a few easy steps:
- Register on ZebPay crypto exchange, and create an account.
- As standard verification, upload your documents and complete the KYC process.
- Choose the amount of money you want to invest and load your virtual wallet.
- Buy XRP with the deposited funds.
Why Buy XRP Coin With ZebPay?
- ZebPay is one of the most trustworthy platforms that you can use for trading XRP (Ripple).
- The platform’s ease of use allows you to register and get started in minutes while keeping a close eye on the market cap of the digital assets you have invested.
- ZebPay’s vigorously secure networks keep your investments safe while ensuring trade simplicity.
- Market cap $27.32 B 2.51 % of Crypto Market
- Volume (24h) $947.14 M 72.77%
- 52 Week Low $0.32
- 52 Week High $0.89
- All Time Low $0.002802
- All Time High $3.84
- Total Supply 99.99 B
- Max Supply 100.00 B
- Circulating Supply 53.31 B
- CMC Rank 5
- 7D% Change 1.49%
- Returns YTD 50.94%
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