Describe Ripple

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Ripple is a technology that which works as a platform, bank network, and digital currency. Ripple simplifies the process of cross border remittance by increasing the speed of transactions and lowering the cost of transactions significantly. Ripple has also partnered with many notable figures like American Express and Money Gram, which has also strengthened its adoption.

XRP is a native cryptocurrency of RippleNet. It is the digital currency that trades on the market against other major digital currencies and fiat currencies. The Ripple payment protocol is an open-source, peer to peer, a real-time payment system which is used to transfer both fiat and XRP.

How to Invest in Ripple

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Experts believe that Ripple has a good future as it allows instant payment transaction in a cost-effective manner. To invest in XRP, you need to follow a few steps:

  1. Setting up an account – The first thing is to set up a Ripple account. Ripple recommends a few exchanges where you can buy XRP. Bitsane is one of the most popular exchanges to buy XRP coins.

  2. Buy Ether or Bitcoin – Now that your Ripple account is set, you need to buy Bitcoin and Ether on Coinbase. If you have a Coinbase account, you can directly go to the buy/sell page and enter your information.

  3. Transfer Bitcoin to Bitsane – Now transfer your Bitcoins to Bitsane from Coinbase.

  4. Buy Ripple – You can buy your Ripple with the help of Bitcoin available in the account. You can hold Ripple for the short or long term and sell it at a higher price to get the profit.

bitcoinBTC/USD
$ 11,674.39
ethereumETH/USD
$ 393.37
rippleXRP/USD
$ 0.293347
litecoinLTC/USD
$ 57.65
chainlinkLINK/USD
$ 12.48
stellarXLM/USD
$ 0.103506
tronTRX/USD
$ 0.020346