What is Ripple?
Ripple launched in 2012 as the payment network RippleNet and cryptocurrency (XRP). Ripple (XRP) is not decentralized, which is the case in many other cryptocurrencies. Despite being traded on the blockchain network, all ledgers are managed by Ripple Company. Accordingly, Ripple prices vary momentarily.
Ripple aims to make money and asset transfers fast and inexpensive using the advantage of the blockchain system. Brad Garlinghouse is the CEO of Ripple. Ripple has offices in many regions of the world. Also, XRP ranks third in terms of market value after Bitcoin and Ethereum according to CoinMarketCap ranking.
There are some differences between Ripple and Bitcoin;
• The first of these differences is the decentralization. While the Bitcoin network is not affiliated to any center or supervisory body, Ripple is audited within a company.
• Another difference is in favor of Ripple. While Bitcoin can perform 4 transactions per second, this number is 1500 transactions per second in Ripple.
• Regarding the transaction fee, Ripple’s inexpensiveness is remarkable. Ofering much more affordable transaction fees than Bitcoin, Ripple is an important cryptocurrency in terms of speed and cost-effectiveness.
Prices of Bitcoin, Ripple, Ethereum and other cryptocurrencies change momentarily. The biggest impact on these changes is the supply-demand relationship in the market. Sign up to Cointral Exchange now to see updated Ripple prices, perform transactions with low commission rates and take advantage of high liquidity from international exchanges.
How to Buy Ripple
You have many options to buy Ripple with Cointral. You can buy Ripple at our physical branches as well as other cryptocurrencies. You can also purchase XRP online at online.cointral.com, with credit card. You can complete your transaction by writing your XRP address and the amount you will purchase in the relevant sections. If you want to learn how to purchase Ripple with credit card, click on this visual guide “Ripple”.