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Why Should You Buy Ripple

Ripple Labs is the name of the company and Ripple is the protocol, which is powered by the XRP, or Ripple, cryptocurrency. The idea behind Ripple is to speed up the international transfer of money which, its supporters claim, should help attract more people in a time of increasing globalisation.

why should you buy ripple

Every month around a billion Ripple are taken out of an escrow account and given to Ripple itself. The company then takes the money it has drawn out and puts some on the market, with the rest returning to escrow. This means a steady supply of Ripple becomes available every month, meaning theoretically that more people can use Ripple, which means that there is potentially more demand for it, which should cause the XRP price to move up. That does not always happen, as we will see when we look at the Ripple coin price history, but the idea is there.

The coin will stand at an average of 4.28 in 2028 and it should finish the decade at $6.28, according to the site. There is a Ripple price prediction for 2030 that says XRP should be worth $8.87, while in 2031 it should trade at around $13.14.

This article is for informational purposes only and takes no account of particular personal or market circumstances, and should not be relied upon as investment, tax, or legal advice. For investment, tax, or legal advice and before taking any action you should consult your own advisors. Note that digital assets such as cryptocurrencies present unique risks for investors. Please see our disclaimer regarding risks specific to holding digital assets before investing.

Thanks a lot for such clear explanation of xrp project! As we can see from the article almost all ripple price forecasts are optimistic, but IMHO we also should not forget about the worst case scenario.

Sophie, thank you so much for this article! I agree with others that now it is not a time time to talk about ripple long term price predictions, because it is not clear whether the company will exist or not.

The United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs Inc. in December 2020, alleging that the company had conducted an unregistered securities offering by selling XRP to investors. The SEC claimed that XRP was a security and should have been registered with the agency, similar to other traditional securities. Ripple, on the other hand, argued that XRP was a cryptocurrency and therefore not subject to SEC regulations as it did not meet the definition of a security.

PrimeXBT products are complex instruments and come with a high risk of losing money rapidly due to leverage. These products are not suitable for all investors. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money. Seek independent advice if necessary.

"The packaging is SO high quality - each step of the unboxing experience wowed me with the sleek and sophisticated design. You cannot go wrong with this purchase. Very, very, very satisfied ripplenaut over here!"

Our POD device is infinitely rechargeable, with a full 8 hours of battery life and an ultra-fast USB-c charging system. Our OG ripples are carefully calculated to ensure you get plenty of use out of your devices.

Now that you sort of understand Ripple XRP, you can make an educated decision about your Ripple XRP investment. Banks are still testing XRP, seeing the major advantages it brings, and who knows, maybe once regulations kick in, we might see adoption very fast. If you are worried about where to buy ripple XRP in Australia then Contact a reliable Ripple (XRP) cryptocurrency trading platform Coinstash now.

Note nothing in this article should constitute general or specific financial advice. Coinstash does not take into account your circumstances when publishing articles. Any content on or related domains are informational only.

WARNING: The content on this site should not be considered investment advice. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site.

In this guide, we\u2019re going to be looking at the Ripple payment protocol, as well as the digital currency that\u2019s native to the network, XRP. So time to find out, where to buy Ripple.\nThe guide will cover a range of topics. These will include what Ripple actually is, a little bit of its history, and how Ripple is used. I will also explain how XRP is used, and how Ripple and XRP work together. I\u2019ll briefly introduce you to the team behind the project and give you some things to think about when deciding whether to invest in Ripple or not.\nBy the end of the guide, you\u2019ll know: what Ripple can do today, where it started, and who is behind the project. You\u2019ll also know some of the advantages and limitations of the Ripple platform, as well as where to buy Ripple.\nThere\u2019s an awful lot to cover this time. So, let\u2019s get started already!\nLearning About Ripple\nRipple causes a lot of confusion in the cryptocurrency space. The name is often used to describe the platform itself, as well as the currency that is native to the network. However, they do have their differences.\nSo prior to finding out where to buy Ripple, let's find out what Ripple actually is. Ripple, the payment protocol, is often confused with the currency \u2014 XRP. To avoid this confusion during this guide, I\u2019ll be using the term Ripple to refer to the payments protocol and XRP to refer to the coin (currency) that runs on the network.\nRipple is a global system of payments, settlements, and exchange. It aims to improve on current banking systems. The two issues with banks today that Ripple hopes to improve are:\n\nSlow transaction times\nExpensive cross-border payments\n\nRipple is very different to truly decentralized cryptocurrencies like Bitcoin. It has been designed to work with banks, rather than to replace them. You can think of the Ripple protocol as the internet for banks \u2014 it allows all banks to communicate with each other in a common language.\n\n\nINTERESTING FACT\nTom Channick, an employee of Facebook, stated, he will be leaving Facebook to take over comms @Ripple. This already shows where Ripple can move already.\n\n\n\nA Bit of History on Ripple\nRipple has a long history and started life as Ripplepay in 2004.\nThe version of Ripple we know today was released in 2012 though. Since 2013, many banks have started using Ripple to help with money transfers and exchange. It\u2019s estimated that 80% of Japanese banks are currently using the payments protocol.\nAfter several team member changes, today XRP (the Ripple network\u2019s native coin) is the third largest digital coin in terms of market cap. It has grown into a tool to help banks exchange currencies with one another and to allow their clients to make very quick payments to each other. Using Ripple, you can pay a colleague or associate on the other side of the world in seconds in their local currency.\nHow is Ripple Used\nRipple is used as a global settlement network. It lets banks (and other retail users) make cross-border payments and exchange currencies with one another. It gives all the banks using it one common language. This means they can communicate much more easily with each other.\n\nToday, many banks still use services like SWIFT. SWIFT was designed in the 1970s. It lets banks send money from one bank to another. However, it is very slow and expensive. Transactions can take days or weeks using SWIFT. They can also cost a large percentage of the total amount transferred.\nRipple hopes to change that. Like the internet helped people communicate across countries, Ripple aims to give banks a way to communicate value across countries. Doing it as fast and cheaply (or nearly as fast and cheaply) as data can travel on the internet. So now you have even more reasons to find out where to buy Ripple.\nThink about sending an instant message to a friend; It arrives quicker than you could speak the message itself. Ripple hope to provide this kind of speed and efficiency to the world of finance.\nThe Ripple payments protocol is often referred to as \u201ccurrency agnostic\u201d. This means that you can put any currency into the system and get any currency out. This built-in exchange feature makes Ripple very useful for global financial institutions to communicate with each other.\nThat\u2019s not all though. What\u2019s sent and what is received doesn\u2019t have to be currency at all. It can be air miles, assets, gold, silver, and more.\nFor example, you could put gold into the Ripple payment protocol, and receive dollars, euros, or pounds on the other side of the world in seconds. So, you can see why the banks like it!\nHow XRP Is Used\nXRP is a digital coin. It exists on the Ripple network. XRP is intended to be used as a \u201ccurrency of last resort\u201d. This means that if there is no line of trust available between two parties, the transaction can be settled using the common currency XRP.\nXRP can be transferred very quickly. It only takes a few seconds to travel between sender and receiver. When you'll know where to buy Ripple and will have some, you'll see it for yourself!\n\nXRP is also used as a transaction fee and stops unwanted transactions appearing on the network. All parties wanting to make updates to the Ripple protocol ledger must pay XRP. This is usually a very small amount, such as 0.0001 XRP. This fee goes to no one and is burned, which causes a constant decrease in the amount of XRP\u2019s to exist.\nTeam\nRipple has a very experienced team behind it. It\u2019s led by CEO Brad Garlinghouse. Before joining Ripple, Garlinghouse worked at a document and file sharing service called Hightail. He has also held important positions at AOL and Yahoo!\nBeneath Garlinghouse is Ripple\u2019s Senior Vice President (SVP) of Product, Asheesh Birla. Birla joined the team in 2013. Before that he was a Silicon Valley entrepreneur. He is thought of as an expert in the blockchain industry.\nPatrick Griffin is Ripple\u2019s SVP of Strategic Growth. He\u2019s an ex-employee of online payment firm Jumio. He also has a background in equity trading.\nRipple\u2019s Chief Market Strategist is Cory Johnson. He worked as a hedge fund portfolio manager at Kingsford Capital Management before joining Ripple. He has also been a technology writer for CNBC and Bloomberg.\nKanaan is Ripple\u2019s SVP of Engineering. He has previously managed teams at Yelp and Quantcast.\nWhere to Buy Ripple\nUnfortunately, we can\u2019t tell you where to buy Ripple. Ripple isn\u2019t for sale, and if it was, you couldn\u2019t afford it!\nWhat we can tell you is the best place to buy Ripple\u2019s native coin, XRP!\nThere are many cryptocurrency exchanges that let you buy XRP. However, to the best of my knowledge, there are no ways to buy XRP directly with fiat currency. The easiest way to get some XRP is to first buy some Bitcoin or Ethereum.\nBuying Bitcoin is easy. There are lots of different exchanges that will sell it for local currency. The most popular is a website called Coinbase. Other methods include buying peer-to-peer with a service like LocalBitcoins, or through an exchange like Bitstamp. After buying Bitcoin, you can send it to one of the various altcoin exchanges, where you can exchange it for XRP. Examples of these are Binance, Bittrex, or Poloniex.\nNote: Fiat currency refers to money issued by a central bank. Dollars, euros, pounds, and yen are all fiat currencies.\nWe\u2019ve listed the steps for buying Bitcoin and exchanging it for XRP below. In this example, we\u2019re using Coinbase and Bittrex:\nWhere to Buy Ripple: Coinbase\n\nHead to Coinbase and click sign up.\nFill in the registration page.\n\n\n\nWhen registered, you need to add your bank account details.\nThen, to buy Bitcoin, click the \u201cBuy\/Sell\u201d tab as shown below.\n\n\nYou then need to enter the amount of Bitcoin you would like to buy.\nChoose your payment method and enter your details to complete the sale.\nClick on the \u201cAccounts\u201d tab and you should see the amount of Bitcoin you just bought in your Bitcoin wallet.\n\nIf you want a more in-depth guide on how to do this, visit our guide here: The Complete Guide on How to Buy Bitcoin and Where to do it\n\nThen you need to head over to Bittrex.\n\nWhere to buy Ripple: Bittrex\n\nFill in your details on the standard registration page.\nOnce registered, click \u201cwallet\u201d on the top menu.\nClick the small + sign next to Bitcoin. This gives you your Bitcoin receiving address.\n\n\n\nCopy this address and head back to Coinbase.\nWhen you have logged in to Coinbase, click on the \u201cAccounts\u201d tab.\n\n\n\nUnder \u201cYour Accounts\u201d you will see your Bitcoin wallet. This is where you will see the amount of Bitcoin you purchased on Coinbase. You need to click \u201cSend\u201d as shown below. (For this example, we didn\u2019t purchase any Bitcoin. That is why the \u201cSend\u201d option is grey. If you have Bitcoin here, you should be able to click it.)\n\n\n\nOnce you have clicked \u201cSend\u201d you should see the following box\n\n\n\nIn the Recipient box, you need to paste the Bittrex address you copied earlier.\nEnter the amount of Bitcoin you want to transfer to your Bittrex wallet.\nClick \u201cSend funds\u201d\nIn a few minutes, you should receive your BTC at Bittrex.\nGo back to Bittrex and click the button at the top of the page that has a Bitcoin logo with the word \u201cmarket\u201d next to it.\nType \u201cXRP\u201d in the box that appears and clicks the link.\nOn the left of the screen, you\u2019ll see the buying options. Enter the amount of Bitcoin you wish to spend on Ripple and click the \u201cPrice\u201d link.\nThen, click \u201cAsk\u201d. This is the fastest way to fill an order on an exchange. Using \u201cAsk\u201d isn\u2019t recommended for huge orders but for lesser amounts and for the purposes of this example, it\u2019s fine.\n\n\n\nIt might take a few minutes to complete your order. When it\u2019s done, your XRP will appear in the wallet section.\nYou should then transfer your XRP from Bittrex and store it in a secure wallet. The type of wallet I\u2019d recommend for Ripple is a hardware wallet. You can find out more about our two favorite hardware wallets here: Trezor vs Ledger - Things to Know Before Buying\n\nAnd now you know where to buy Ripple (XRP).\nWhere to Hold Ripple (XRP)\nSo you eventually made a decision and, by following the guidelines provided above, purchased some Ripple coins. Congratulations! Now, the question\u00a0is... Where should I hold my Ripple coins?\nOf course, you can keep it on the same exchange you purchased Ripple coins from, but this is not the recommended way. Cryptocurrency exchanges tend to be insecure in terms of cryptocurrency storage as there have been many instances when exchanges were hacked and all cryptocurrency holdings were stolen.\nFor this reason, it is mostly recommended to hold XRP in a chosen Ripple wallet. In fact, there are tons of different cryptocurrency wallet types to choose from: you can store Ripple in a hardware wallet, desktop wallet, software wallet or mobile wallet. Each of these types has its own pros & cons, so it can sometimes get confusing. Hence, check out this Ripple wallet guide to learn more about different Ripple wallet types and discover which Ripple wallet would be the best choice for you.\nRipple Mining?\nUnlike Bitcoin, all the XRP coins have already been created. Without new coins being created, we can\u2019t tell you how to mine Ripple. A lot of people think that it\u2019s possible to mine XRP. They\u2019re wrong. So, if your Ripple mining or XRP mining, more appropriately, is impossible. If you're a miner, maybe you'll be more interested in finding out about how to mine Ripple instead of where to buy Ripple.\nWhen Ripple was created, the team made 100,000,000,000 XRP tokens. They were shared out among various interests.\nThe Ripple team are responsible for holding billions of XRP. Some of these will eventually be released into the open market, but 20% of the total supply is kept by the creators of the protocol. Apart from various issues of centralization, this is one of the biggest problems with the Ripple project.\nLike Bitcoin and other blockchain projects rely on \u201cminers\u201d to validate transactions on the network, the Ripple protocol uses validator nodes. These validator nodes prevent double spending of XRP.\nUnlike Bitcoin\u2019s miners, validator nodes in Ripple don\u2019t receive a reward for validating transactions. However, they do earn voting rights on the network. These validator nodes are chosen by the company behind Ripple. Therefore, Ripple is thought to be more centralized than other blockchain projects.\nRipple does have a program to create further decentralization of these validators in the future though.\nPotential of Ripple\nInvestors in the cryptocurrency space hear that Ripple is associated with banks and immediately they see dollar signs. After all, banks do have a lot of money to play with!\nHowever, whether Ripple is actually a good investment is another matter.\nThere are a few things about it that should make you think twice before you go \u201call-in\u201d on Ripple. Let\u2019s have a look at them.\nWe\u2019ll start with the things that make Ripple or XRP a potentially good investment:\n\n\n PROs\n\u2713 Banks are already using both the Ripple protocol and XRP.\n\u2713 XRP is burned when it\u2019s used to pay for a transaction. This is only a tiny amount but the number of XRP in existence is shrinking. If there is a demand for XRP, the value of each coin should increase.\n\u2713\u00a0It makes international payments and exchanges very easy. Ripple could potentially become the backbone of the global economy.\n\n\n\n\n CONs\n\u2717 Difficult to know exactly how much XRP is being used.\n\u2717 The fact that Ripple, the company, could suddenly drop the entire market by releasing the coins they held back should be a concern.\n\u2717 To make it government approved, Ripple allows balances to be frozen. This should scare all those who get excited by the permission-less nature of Bitcoin and all other cryptos.\n\nConclusion\nIf you\u2019re thinking about making an investment in XRP, it\u2019s very important that you completely understand how it works and what it is capable of. You must know that the Ripple payment protocol can exist and still work for inter-bank transfers without using its native currency XRP.\nThis could make an investment in the protocol itself a better move. However, you would need to be an accredited investor to do this.\nThe most important thing to remember is that digital currencies are very new. As such, they are by no means a safe investment. The whole space could come crashing down. If Ripple suddenly was made illegal in most of the world and banks could be stopped from using it. As unlikely as this sounds right now, it\u2019s still the most likely thing to topple Ripple at present.\nAlternatively, a better system might come out, or some system-breaking failure could perman


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