Buy Ripple (XRP)
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Ripple – And the best place to buy it.
Originally founded in 2012 as a succeeding iteration of Ripplepay, Ripple is generally a currency exchange, Real-Time Gross Settlement System (RTGS), and remittance network. Ripple is a product of Ripple Labs Inc that uses independently managed validation servers to compare records of every transaction.
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The first thing to note about Ripple is that it is both a currency and a platform. The Ripple platform is an open-source protocol that has been designed to facilitate faster, efficient and cheap financial transactions. The Ripple platform has its currency that is abbreviated as XRP. People willing to create their own Ripple currency can conveniently do so via RippleNet.
So, what is RippleNet?
Well, it is a network that comprises institutional payment service providers such as financial institutions or money service businesses that utilize the solutions created by Ripple to deliver a seamless experience of sending money locally and internationally. To make it clear, RippleNet enables instant and direct transfer of cash between two parties who are within the same region or in different parts of the world. Majorly, Ripple protocol (XRP) seeks to promote cheaper and faster ways of sending and receiving money.
Further, unlike the famous Ethereum and Bitcoin, Ripple does not have a blockchain. Based on this, you might wonder how it manages to verify its transactions in the absence of blockchain. Well, Ripple has its own patented technology referred to as Ripple Protocol Consensus Algorithm (RPCA). In this, it means that each party involved in a transaction has to agree with one another. If there is no agreement, a transaction cannot be executed. Chargebacks are also not allowed, so before you execute any transaction countercheck to ensure everything is correctly written.
Moreover, if you want to buy Ripple, the first step to take is to find a legit site from where you can buy Ripple. You will then create an e-wallet account from the webpage of the site you identified. There is a broad selection of transparent sites that you can choose from. You can pay for the Ripple using money via digital platforms like Skrill or Neteller or through cryptocurrencies such as Bitcoin and Ethereum.