Ripple

What is Ripple?

Ripple aims to facilitate international payment transactions between banks by making them more efficient and less expensive. The payment network focuses on transactions between different currency areas and attempts to make inefficient payment corridors more efficient. Ripple is not just a conventional cryptocurrency, but offers a comprehensive system of several products being actively researched and developed by Ripple Labs. These include xCurrent, xVia, and xRapid. The latter ensuring liquidity in international payment transactions, minimising costs, and accelerating transactions. It fixes a major problems of banks and payment service providers by reducing the capital requirements on the nostro and loro accounts, where units of every currency exchanged need to be held until a transaction is complete. Liquidity can be offered on-demand with the help of Ripple’s native XRP token.

xCurrent, on the other hand, is an application enabling cross-border transactions cost-effectively, end-to-end, and within a few seconds. Ripple estimates that banks could recuse their payment transaction costs by around 33% when using their system. xCurrent can moreover be used as a means to confirm incoming and outgoing transactions in real-time and unalterably.

Ripple's price today is 0.5777 USD with a 24-hour trading volume of 7.6 Billion USD. XRP's price has changed -6.1% in the last 24 hours.

• Website

  Official

• Github

  Development

• 0.0027USD

  All time low

• 3.4USD

  All time high

• 0.548USD

  Daily low

• 0.6259USD

  Daily high

Where can you buy & trade XRP?

The best exchange to trade Ripple with USD is the Bybit Perpetual Futures Market, where 1 XRP is worth 0.5791 USD with a 24 hour trading volume of 261 Million USD.