Why buy Ripple (XRP)
You might want to buy Ripple (XRP) because it aims to bring the speed and efficiency of blockchain technology into traditional financial systems. In its first ten years of history, it has forged many ties with banks with the idea of improving their operations. Moreover, in July 2023, Ripple won its lawsuit against the SEC, becoming the first altcoin ever to be officially declared not to be a security.
The characteristics of its blockchain allow it to function as an efficient and secure payment system, albeit centralised. Suffice it to say that it is capable of validating 1500 transactions per second. Moreover, XRP can be exchanged for any cryptocurrency, fiat currency or security for a minimal fee. Therefore, it could become a gradually recognised mechanism to unite traditional currencies with the crypto world.
Moreover, XRP has existed since 2013, so you might decide to buy Ripple because it is one of the longest-lived cryptos on the market.
What is Ripple (XRP) and how it was born
XRP is the cryptocurrency from the company Ripple Labs, built to enable banks and financial institutions to use the blockchain in international transactions. In this way, it aims to make the movement of money between countries more efficient and cheaper.
The Ripple project was founded in 2013 by Chris Larsen and Jed McCaleb. The aim of the two founders was to solve the limitations of Bitcoin, thanks to a faster protocol with almost zero fees. The cryptocurrency refers to the company of the same name, which also operates the protocol and owns the Ripple Consensus algorithm. To verify payments in the distributed process, Ripple counts internet providers, specialised companies and the MIT (Massachusetts Institute of Technology), the renowned university research institute. Could buying Ripple be the right option for you?
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