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Ripple  (xrp)

Ripple ()

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5 Reasons to Buy Ripple in India

  • It is the sixth Largest Cryptocurrency by Market Cap.
  • It can process up to 1500 transactions per second.
  • Since 2017, Ripple has grown over 3000% in a span of 4 years.
  • It has a market capitalization of more than $51 billion.
  • It has a maximum supply of 100 billion XRP coins.

What is Ripple?

Ripple was launched in 2012, with a focus on providing cross-border payments at low costs.

It was designed to provide instant payments at significantly low costs, which the rival cryptocurrency Bitcoin lacks. It has a low processing time that helps for instant and secure transactions. Ripple is a blockchain-based payment network that has its own cryptocurrency with the name XRP. What differentiates Ripple from other cryptocurrencies is the fact that ripple coins are not mined. They are burned as the gas fee after a successful transaction.

3 Things to know while Investing in Ripple (xrp)

  • While the competitor Bitcoin takes 10 minutes for approval, XRP processes in just 3 to 5 seconds.
  • It works on the Federated-Byzantine Agreement (FBA) model.
  • It was designed to be used as a cryptocurrency on Ripple’s blockchain platform.

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Disclaimer :The content of this article is for informative purposes only. It is not intended as a substitute for investment/ financial advice. If You decide to act upon this information, You shall do it at your own risk. While such video/ article has been verified, it depends on third-party sources too, and CoinSwitch Kuber does not guarantee that there are no mistakes or errors nor does CoinSwitch Kuber represents the views presented in such article to be it’s own.

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Ripple was launched in 2012, with a focus on providing cross-border payments at low costs.