Why is Ripple Crypto So Popular?

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Ripple

An altcoin is a term that refers to all crypto assets other than Bitcoin or Ethereum. There are hundreds of altcoins in the cryptocurrency market, but only those having rich technology at the core can succeed. In this article, we will list the best altcoins in the market and discuss one of them – Ripple coin.

The Most Popular Altcoins 2022

Here is the list of the most promising altcoins in 2022:

  • Solana (SOL)
  • Cardano (ADA)
  • Binance Coin (BNB)
  • Ripple (XRP)
  • Sandbox (SAND)

What is XRP?

Ripple XRP is the token of the Ripple Labs crypto platform, enabling a groundbreaking way to convert and transfer currencies worldwide. Ripple technology is developed for banks and financial companies that deal with money transfers to facilitate their work and make it more efficient. It works similarly to the SWIFT system but has a great chance of surpassing this outdated technology. Many large financial companies already use Ripple technology, and many more are expecting to implement it into their work. Here are the reasons why the Ripple platform is so popular:

  • It allows fast money conversion and transfer abroad with no middlemen.
  • Currency transactions in Ripple do not imply huge commissions like traditional banks charge.
  • Ripple is based on blockchain, which means the highest level of transaction safety and performance.

How to Buy Ripple?

XRP Ripple is one of the most traded crypto assets in the market. Its market capitalisation is $21,2 billion, and the trade volume is over $3,5 billion. It is listed on all popular crypto platforms. If you are a beginner trader, we recommend using the WhiteBIT exchange, for it has the most straightforward interface and convenient tools for trading. Beginner users can also practice on a demo account. The platform offers up-to-date Ripple XRP prices and low transaction fees. 

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