Basically, the ripple xrp is a cryptocurrency as well as a payment platform that mainly depends on the open source protocol. As like any other virtual currencies, the ripple can also utilizes the blockchain technology for quicker cross border transactions. Over the past few periods, the safety, scalability and reliability of this platform have built it as one of the top most payment platforms as well as crypto currencies in the world. Actually, the payment protocol of ripple operates the cross border transaction within three seconds. If you wish to know how to buy ripple, you just want to approach the professional team behind the ripple, which has implemented several block chain based solutions. These may also involve the xCurrent applications for banks, cryptocurrency XRP and xVia for businesses and xRapid for payment processors.
Reasons to buy ripple
Originally, the ripple was founded in the year of 2012 beneath a various name, but it must be rebranded to ripple labs in 2015. Now, the exchange slash token has grown in popularity; because of how it supposedly has very low transfer time in low fees and exchanges as well. Actually, the ripple is a substitute to the likes of bitcoin, lite coin and ethereum, which is completely different than many other crypto currencies, which really utilizes the links to banks as well as other companies too. So, you have to purchase another coin such as ethereum or bitcoin at first and then send those to binance. On the other hand, how to buy ripple? You can also shop ripple directly on coin base. According to its site, now the ripple is widely used by several organizations such as Santander (SAN), Westpac (WBK), American Express (AXP- Get Report) and Standard Chartered (STAN).
Why banks are using ripple?
Today, a few banks have squeezed the ripple platform such as Axis bank, Santander, Westpac, NBAD, Yes bank, UBS, Union Credit and several others. As per ripple, the banks can save an average amount of $3.76 per payment by simply using their protocol. You should also consider that the banks can do thousands or millions of transactions for every year and it could represent a potential saving. Through ripple protocol, sending xrp is one of the cheapest and simplest ways to transfer value. This is why; people and banks from all over the world can turn their fiat into ripple xrp and then jointly decide not to move back again to fiat.