XRP current price is $0.4882 with a marketcap of $24.40 B. Its price is -1.31% down in last 24 hours.
- XRP (XRP)
- Live Price $0.4882
- Market Cap $24.40 B
- Volume $2.49 B
- Available Supply 49.85 B XRP
- Rank 6
Ripple Price Chart
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¿What is Ripple?
Ripple is digital payment protocol as well as an open source platform which focuses on peer-to-peer decentralization to seamlessly transfer money around the world. This brilliant creation is owned by the Ripple Company. With the Ripple protocol, people can transact money with more security and speed at a dirt cheap price. It costs like 0.00001 XRP per transaction.
Ripple is a medium between the traditional banking system and the cryptocurrency; just like a bridge. Starting in 2012, Ripple gained lots of popularity as it is like a huge public ledger with a stable currency rate. Although Ripple Company made the Ripple network, it can operate autonomously. Even MIT is one its validators.
Ripple has 3 main intriguing features – open source internet protocol, a common public ledger system, and a cryptocurrency named XRP.
XRP, the Ripple-currency can easily maintain the market liquidity and make the transfers faster. Any form of currency like USD, EUR, GBP, and Yen can be transferred. With much lower transaction time of 5 seconds, Ripple is way better than Bitcoin which takes a few hours to transact.
Key Features of Ripple
- Open source.
- Balanced currency liquidity by Gateways.
- Transactions based on trust.
- An open shared ledger system.
- Cross-currency transactions with 5 seconds!
- Bitcoin Bridge between Ripple and Bitcoin
The Technology Behind Ripple
The system basically uses a medium called Gateway. It acts as a trust chain among the parties who transact the money among the sending and the receiving ends. The whole network relies much on trust and the protocols set by the Ripple network.
Some say that Ripple will soon take over the cryptocurrency world as it collaborates with the traditional monetizing system rather than against it like Bitcoin.
Ripple Markets / Exchanges