Everything about the role of XRP in Finance
The XRP, shortened for the Ripple coin, is one of the most well-known projects that deal with cryptocurrency in the present market. Ripple Labs Inc. created it in 2012. In cryptocurrency digital money is used as a means to transfer funds and maintain transactions, and it is a fairly popular global phenomenon today. The transactions are done with protocols that encrypted with coding to make the transaction safe and secure.
Ripple and XRP
Among many other cryptocurrencies, Bitcoin, Ripple, Litecoin are the most famous ones. Ripple (XRP) is also considered to be one of the oldest technology that deals with the cryptocurrency projects. While Ripple is the network that does the cryptocurrency transfers, XRP is the token used by Ripple. Ripple is a colossal network spread to every corner of the world and has a huge fan base. This ripple fans can be called XRP Army. People have noticed that most of the XRP Army activity takes place on Twitter via, liking tweets, retweeting and tweeting.
Other cryptocurrencies like Bitcoin and Ethereum uses a transaction method that is secure and time stamped, known as the blockchain. However, Ripple works without the blockchain technology, but it is still safe at the same level as it uses their own technology the Ripple Protocol Consensus Algorithm (RPCA). The XRP Army speaks highly of the safe transaction procedures by Ripple.
The reason why the cryptocurrency is garnering such huge popularity among the youth is that it provides financial freedom to people. As there is no real human intervention in between, so there is less chance of being in caught between hacks and scams.
Here are a few reasons why you should start investing in Ripple (XRP):
Unique Transaction Protocol:
While most of the cryptocurrency uses the blockchain method to keep the transaction safe and secure, Ripple has developed its own protocol called RPCA. With this unique protocol, you will not face any hassle even when the transaction is international.
Along with unique transaction protocol, Ripple also has an astonishing transaction speed of 50,000 transactions per minute, which is only 24,000 for Visa.
Ripple’s XRP is cheap:
It may come as a surprise, but Ripple’s XRP is cheaper than most of the other cryptocurrency. Even when ranked second by market capitalization, XRP can be still bought in less than a dollar.
There are many well-known personalities behind Ripple. Many technology giants like Airbnb, Google, Apple, Buzzfeed, Twitter, etc. invest in Ripple due to its high security in low budgets.