Bitcoin is the world’s first cryptocurrency, founded in 2009 and is the industry’s flagship. However, BTC is not the only coin in the world of the digital economy. In this article, we would like to discuss the popular Ripple (XRP) project. The coin’s uniqueness lies in the fact that it is popular among crypto enthusiasts and bankers. Today we will discuss the coin, the Ripple cryptocurrency price and its prospects.
What Is Ripple (XRP) In Simple Terms?
Without delving into technology, Ripple is an open-source protocol created to make the transaction process more manageable, especially for international payments. It is important to note that cryptocurrency Ripple is the only centralized crypto asset directly connected to the banking community. The Ripple platform offers instant cross-border payments.
Ripple is on the TOP 10 cryptocurrencies, so it is traded on almost any centralized exchange. The WhiteBIT platform charges a minimum commission on trading. Ripple helps to capitalize on operational and economic efficiency, and its primary goal is to take the banking business to the next level.
Key Figures:
- Price: $0.37
- Market cap: $18,382,139,812
- Ranking on Coinmarketcap: 7
Regarding the Ripple cryptocurrency price prediction in the short and medium term, the coin is not expected to boost sharply. The reason is judicial proceedings with the SEC lasting for several years. However, as soon as the disagreements with the main financial regulator are settled, the XRP rate will increase.
Best Cryptocurrency Wallet For Ripple
XRP is a fairly popular coin, so it can be stored in many wallets. If you prefer maximum security, choose cold or hardware wallets, but they are not convenient for everyday use.
It is much more convenient to store cryptocurrencies on centralized exchanges, as they provide a high level of security. One of the most popular platforms is WhiteBIT.
There are many answers to the question, “How to invest in Ripple cryptocurrency”, but the simplest is an account on the WhiteBIT exchange. On this site, you can buy XRP with fiat and coins in just a few clicks.