Ripple is a real-time currency exchange system and overseas money transfer network. It is also called the Ripple Protocol. Rippe XRP is one of the largest digital assets used for payments. It is considered to be the most scalable digital asset which can make real-time gross settlements all across the globe. Ripple XRP provides its facilities to financial institutions ranging from banks to individual monetary providers.
The value proposition of Ripple XRP is its quick transferability from one pocket to another. While the traditional system takes 3 to 4 days for the transfer of funds anywhere around the world, Bitcoin also takes an hour or so while XRP is the only commodity that transfers within 4 to 5 seconds which is the distinguishing factor. Ripple is way ahead of Bitcoin and Ethereum in terms of transactions performed per second which amount to around 1500 transactions every second for XRP leaving behind Ethereum and Bitcoin which makes 15 and 3 to 6 transactions per second.
While the major concern for investors in virtual currencies has been the element of unpredictability and major price fluctuations. Ripple has the assurance of steady price appreciations and depreciation which makes it a bit predictable relative to other digital commodities available on the market.
A day back, on the 29th, Ripple XRP managed to surge by 50% becoming the second largest cryptocurrency being traded online. This position has been attained in terms of market capitalization which is the value per transaction multiplied by the number of transactions. The XRP tokens had an unbelievable lucrative month where their value augmented by more than 700%, initially starting the trade counter at just $0.25.
Due to the recent debacle of Bitcoin and several other virtual currencies where their prices fell significantly by 25% but later managed to recover their position, though the losses were regained to some extent, this did not restore the confidence of investors in the cryptocurrencies. The fickleness at the Bitcoin front led to the increased demand for Ripple XRP. Initially, there was a criticism against the cryptocurrency because of their decentralized nature but due to the high spikes in its price range, investors began to prefer safer and higher returns than the decentralized system offered by cryptocurrencies. Ripple XRP are centralized in nature and much safer which is why its demand erupted in the latter half of 2017.
The process of acquiring Ripple XRP is very simple where potential investors have to visit the following link and make their preferred set of sales and purchases.