The cryptocurrency market offers over 21 000 different assets, among which projects with high technologies and bringing benefits to both the crypto and real sector economy. One of the most popular projects is Ripple. The platform was developed long before the world first heard the word “cryptocurrency”.
The Ripple network was aimed to be used on the financial market and provide quality and fast remittances, competing with the SWIFT system used in banks. Over time, the company released its XRP token, which is now one of the most traded crypto assets in the market. Ripple live price is $0.39 as of mid-December 2022. The market capitalization exceeds $19 billion.
What are the Benefits of the Ripple Network and Who Uses It?
Ripple blockchain is used by:
- Financial institutions and banks (using XRP, they facilitate their money transfer service). Over 100 financial companies already use Ripple.
- Developers (build crypto products based on the Ripple Ledger’s open source basis)
- Individuals (use XRP to conduct cross-border money transfers in any currencies at low fees and with no middlemen).
The Ripple network really performs transfers in 3-5 seconds and charges low fees for it – $0.0002 per transaction. The network conducts 1,500 transactions per second.
The platform is pretty popular, but it cannot develop fully because of the court case between Ripple and SEC, demanding to call the XRP token a stock. Once the case is closed, and the platform will be able to develop and scale, it will receive many more partners and clients worldwide, so its token price will skyrocket.
Many crypto whales have already bought XRP and hold it, for they are waiting for the project to skyrocket. That is the reason why it is worth buying some XRP tokens and holding them long-term.
Where to Buy XRP?
You are welcome to use the WhiteBIT platform – a reliable and credible cryptocurrency exchange that opens enormous earning opportunities for its clients. It offers over 450 crypto pairs, including the most popular XRP to USDT. It is also possible to convert fiat to crypto and back, withdraw funds directly to your bank card and many other convenient options. To buy Ripple crypto, enter the crypto converter and select the asset you want to exchange for XRP. The platform will offer the Ripple live price and the transaction fee. Once the fee is paid, you receive your XRP in the account.
