What is XRP (Ripple) and How to Buy

A real-time gross settlement system (RTGS), currency exchange and remittance network that aims to enable instant monetary transactions globally.

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What is XRP (Ripple)

Ripple was founded by Chris Larsen and Jed McCaleb in 2012. Ripple enables banks, payment providers, digital asset exchanges, and corporations to send money globally using Blockchain technology. Leveraging the prior work of Ryan Fugger (2004), in 2012, Ripple created the XRP Ledger (Ripple Consensus Ledger), an open-source ledger powered by a peer-to-peer network of nodes. Ripple created XRP as a native cryptocurrency for products developed by Ripple Labs.

There are significant differences between XRP, Ripple, and RippleNet. RippleNet is run by a company called Ripple. The XRP Ledger is open-source and is not a Blockchain, but rather the previously mentioned distributed ledger database. Ripple created XRP to be a fast, affordable, and more scalable alternative to platforms like SWIFT. A majority of Ripple’s efforts are to process remittances.

How to Buy Ripple (XRP)

Ripple was founded in 2012 by Chris Larsen, Jed McCaleb, and Ryan Fugger. Ripple enables banks, payment providers, digital asset exchanges, and corporations to send money globally using its distributed consensus ledger. Ripple and XRP do not utilize Blockchain technology. Utilizing the prior work of Ryan Fugger (2004), in 2012, Ripple created the XRP Ledger (formerly known as Ripple Consensus Ledger), an open-source cryptographic ledger powered by a peer-to-peer network of nodes. XRP is the native cryptocurrency asset of the XRP ledger.

Where can I buy XRP?

H2cryptO Exchange- XRP is purchased easily through a centralized exchange, such as H2cryptO. H2cryptO offers a simple interface within our H2cryptO web/mobile app, and we offer exceptional 24/7/365 live support. Please remember that once a cryptocurrency is lost, it can be difficult to recover.

Why purchase XRP?

XRP was created and intended for financial institutions and payment services, unlike other cryptocurrencies aimed at consumers or retail. Transaction costs using XRP are extremely low (0.0001 XRP) compared to other Cryptocurrencies. By leveraging XRP, banks and other traditional financial companies can efficiently transfer money without needing to pre-fund accounts, pay hefty foreign exchange fees, and use XRP to swap currencies at a lower cost.

Purchasing XRP on H2cryptO:

  1. Sign up for an H2cryptO account. Provide full name/surname, email address, and a unique password (12 characters minimum).
  2. Verify your H2cryptO account. Please submit all documentation for KYC verification.
  3. Once KYC has been approved, please deposit your fiat or cryptocurrency. You can do so by creating a wallet address then send funds to this address. Funding your account with fiat currency for trading can be completed by connecting your H2cryptO account through ACH, wire transfer, or credit card.
  4. Once the ACH, wire transfer, or credit card transaction has been completed, you can buy XRP. You now will have the ability account to trade cryptocurrencies with 24/7/365 live client service support.

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