Ripple XRP Chart
- Price $0.794
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Ripple XRP today’s rate
Ripple XRP BUY or SELL? – Technical Analysis
People have faith in Ripple Coin because it does not have much fluctuation, as well as banks also use Ripple Net to send payment from one country to another.
Ripple has been created by ‘Ripple Labs,’ a US company for ‘Real Time Gross Settlement’ (RTGS), which means a way to send money from one country to another which is fast, error-free, safe.
And which, once confirmed, cannot be returned. The plan to make Ripple is an exploration of Jade McLabb’s mind.
Who invented Ripple XRP?
Jade McLabb is an American man who is also a computer programmer and a businessman. Ripple was formed by Arthur Britto, David Schwartz, and Ryan, along with Jade McCaleb.
Ryan had previously served as a financial advisor for online secure payment transactions and was also familiar with this work, so he used this Ripple Net technique.
Very few people know that Jade McLabb is no longer with Ripple, and they have created a new crypto coin, which is also known as ‘Stellar or XLM,’ i.e., the father of ‘Ripple and Stellar’ is the same.
What is Ripple XRP and How does it works?
Ripple is a cryptocurrency based on ‘open source protocol’ technology powered by a powerful group. By the time this article is written, Ripple is the third-largest coin after bitcoin by Coin Market Capital.
Ripple’s main objective is to provide a system for sending money from one country to another in the whole world, which can safely send money from one place to another in a few seconds with a very little charge.
Banks currently do this work with ‘SWIFT’ technology, which is very slow and more expensive. Ripple has got a place in 50 smart companies in the world in 2014 to make this technology.
Is Ripple XRP a good Investment?
Today Ripple Net is used by many countries globally, and many banks trust it because, by this, banks can serve their customers much better.
Ripple Coin has repeatedly defeated Ethereum, the world’s number two cryptocurrency, in the number game.
There have also been criminal cases over Ripple for wrongly selling his coin where it has been called an ICO.
There is a massive difference between Ripple Net and Ripple Coin, where XRP is a cryptocurrency available in the crypto market and has huge fluctuations.
In contrast, Ripple Net is sending money from one country to another safely and fast.
What is Ripple XRP used for?
Ripple Net is now also being used by many companies whose branches are spread in foreign countries; they make fast payments to their customers and give salary to their employees through this medium.
The exciting thing is that some time ago, Jade McCaleb, who is also Ripple’s father, who is now working on Steller making it, 40 million SRP tokens in his XRP account were sent unknowingly.
It is believed that this is an agreement between Ripple and Stellar because Stellar is also working on the same technology of payment transfer that Ripple has and since Jade McCleb was the founder of Ripple, he would give Ripple a tough fight with Stellar.
In the meantime, Stellar has tied up with IBM and Click to send cross border payments, which is a huge contract. This scheme has been made by IBM in association with many big banks, after which a jump of 20 was seen in Steller Coin.
Ripple is also threatened by Steller and JPM Coin, the company of JP Morgan and the world’s largest bank.
Although JPM Coin is neither a cryptocurrency nor will it be available to the general public, it is also working on the ‘Real Time Gross Settlement Payment System,’ and JP Morgan Bank is behind it, so Ripple has some differences from this.
I will have to Change the rule of the world, and the need leads to innovation, and it is a business race where the best will last; now it is time that the king of this ‘real-time gross payment settlement system’ will be Ripple, Steller, or JPM.
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