But unlike many other cryptocurrencies, it’s not completely decentralized.
XRP is a digital asset that operates on the XRP Ledger and enables transactions on the Ripple platform. In short, Ripple enables fast and affordable monetary transactions while offering XRP as the company’s own digital asset. This is far lower than what traditional financial institutions charge for international transactions. One of the network’s key advantages is the low transaction fee of roughly 0.00001 XRP. In addition to its ability to facilitate cryptocurrency exchanges, the network also supports a range of fiat currencies and commodities such as gold. The payment protocol was developed by the San Francisco-based Ripple Labs Inc, which unveiled the technology in 2012. It has its own cryptocurrency, XRP, which is tailored to work on the network. Originally designed to replace the global money transfer network SWIFT, Ripple is a blockchain-based digital payment network that can process financial transactions around the world. If you are new to trading cryptocurrency, then we highly recommend choosing a regulated exchange with easy-to-use features that can help you get started.
These are all reputable exchanges that have many customers and allow trading with many different cryptocurrencies and assets.
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This isn’t the full list of exchanges where you can purchase XRP, but it should be a good starting point.
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