![]() ![]() And since it is a crypto currency, you completely own the XRP that you have in your wallet. XRP shortens that exchange process as it works directly as an exchange for all currencies. For example, if you want to convert one currency to another, you will not only go through one intermediate currency but a lot! Not to mention the fees in between those exchanges. It is an asset that works as a foreign exchange that can be liquid enough to work with any currency. ![]() Two Main Purposes of Rippleįirst, it serves as a currency to pay for services. Just like Bitcoin, Ripple shares a public ledger with a consensus process. It is the second largest market cap coin and it works as a payment system, way of exchange, remittance for FIAT currencies, crypto currencies and of course commodities. Let us go back to the question on what is Ripple? It is a digital currency that was designed to pay for the services of an online transaction. The price and the current “Ripple” it is making in the market is what makes people interested in this crypto currency. As of July 6, 2017, the price of one XRP is only about $0.2494 per coin. Ripple or XRP hasn’t been able to reach the $1.00 mark but yet it has earned a seat in one of the popular altcoins today. What is Ripple? While Bitcoin is reaching its all time high this year in 2017, Ripple has been playing along and creating its own thing. ![]()
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