There are several types of cryptocurrencies, and each has its advantages and disadvantages. Therefore, users who are just going to engage in crypto face troubles when choosing an asset to buy. The article will consider a relatively new digital currency – Ripple XRP.
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What is Ripple?
It is a relatively young project launched in 2014. Its creator is Ryan Fugger, a Canadian programmer. Initially, he wanted to create technology for international payments, which would significantly speed up the process of transfers and reduce transaction costs.
However, the coin did not gain popularity due to a lack of investment but continued to exist in narrow circles. Over time, Ripple went through several upgrades, received enough investment and became one of the popular cryptocurrencies. As of August 2022, the Ripple XRP rate is $0,3391.
Currently, it is not just a cryptocurrency – it is truly an international platform that allows instant cross-border payments in real-time. The platform is based on XRP technology, an analogue of a traditional digital asset. However, unlike other cryptocurrencies traded on exchanges, XRP can be bought directly with European and Russian currencies. For example, the WhiteBIT platform makes it possible to buy Ripple XRP with debit card.
Ripple XRP Price Prediction
Analysts believe Ripple is the most secure asset. XRP does not have a physical form but can be stored in a digital wallet. In addition, this cryptocurrency is not subject to inflation, and the Ripple XRP price is growing exponentially. At the moment, Ripple cooperates with a large number of big companies:
- Mercury FX
- Catalyst Corporate
Transactions are carried out in real-time, meaning the money is instantly transferred to the recipient’s account. In addition, Ripple allows reduced fees for payments. According to experts, the value of Ripple will only grow in the near future.