Connect with us

Hot Updates

10 Facts on Ripple You Should Not Miss

Published

on

good introduction to Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

Mostly known for its digital money protocol, the Ripple system, and its XRP currency are famous for allowing the seamless exchanges between users using yen, dollars, euros, and others. In 2012, it was made for payments and remittance. They also have their own tokens and a decentralized currency by this time.

However, they soon found out that Ripple would actually be able to send out waves that will rock the world of cryptos. 

As the third crypto, in terms of market cap, Ripple maintains a good position in the crypto community. Despite price fluctuations, it remains a good investment for crypto enthusiasts and entrepreneurs. 

Check out these ten random facts that you should know about Ripple and XRP!

Fact 1: Better than BTC, ETH, LTC and more

As a good introduction to Ripple, we’ll start with how XRP beats Bitcoin, Ethereum, Bitcoin Cash, Dash and Litecoin in a bunch of important features for cryptos— speed, cost, and scalability. These factors are important to keep the software in optimal shape.

Based on research in 2019, here is how the cryptos fare among each other.

Crypto Speed 

(per transaction)

Cost 

(per transaction)

Scalability 

(transactions per second)

XRP 3.6 secs $0.0004 1500 TPS
BTC 2,912 secs $1.65 32 TPS
ETH 93 secs $0.17 16 TPS
BCH 3,794 secs $0.04 64 TPS
LTC 914 secs $0.06 56 TPS

With these three features, XRP performs more transactions in a single second for lower fees. It also charges super cheap transaction fees for anything you might need. 

Fact 2: Ecofriendly

One of the toughest concerns of people on cryptos is how it uses loads of equipment and, of course, electricity during mining. In return, it also costs tons of money to mine single crypto especially the Bitcoin. Miners can mine a single Bitcoin for about $600 as the cheapest rate and about $30,000 as the most expensive.

Regardless of this, the pioneers of the crypto community are continually looking for solutions to remove or even lessen this environmental concern. They are also trying to give back in many ways to the environment, in terms of funds and lots of other ways allowed by technology. 

However, all 100 billion XRP coins are already live. Although they are not in circulation just yet, this makes mining impossible. While becoming efficient crypto, it does not contribute to ecological concerns. 

Fact 3: Security

Having an open-source code and a public ledger, Ripple uses a big population of validators and engineers to ensure that our transactions, data, and exchanges are safe in the system. 

The constant development of the system makes them immune from small to large problems and leads them closer to a complete decentralization. 

Fact 4: Affordability

In terms of seeing the features and benefits of Ripple, you may think that it may be as expensive as ETH. However, you can easily afford Ripple. This allows more investors into the Ripple community. 

You can easily get XRP from both fiat and cryptos and send them straight to your secure Ripple wallets.

Fact 5: 3 in 1 Ripple Suite

The Ripple network has three products under its belt. The suite includes xCurrent, xRapid, and xVia. Each of these has its own purpose with only xRapid focused on XRP sourcing. 

The main product is xCurrent which services the processing of payments. The other one, xVia, handles the delivery of payments. 

Fact 6: Pioneer Crypto

Ripple is not like those new altcoins that are just new to this community. With years of continuous development and proven service, Ripple has been consistent in successfully leading the crypto race along with Bitcoin and Ethereum. 

Fact 7: Not Just a Currency

Like all crypto enthusiasts, our dream is to spend cryptos in daily trades. But, that is far from today’s reality.

Ripple doesn’t budge at that fact since it wasn’t made to be a mode of payment. Instead, it is a network that is designed for the actual process and transfers. This enables XRP to become a very good and cheap alternative than current means. This is not only for the crypto community but also for other groups. 

Fact 8: American Express and Ripple

Ripple is partnered with the American Express (AMEX). This partnership had started in 2017. Last 2019, they had officially announced the use of xCurrent, a financial solution based on blockchain. 

The vice-president and general manager of the most famous credit card company stated his best remarks as the system allowed ‘instantaneous, point-to-point conversation’ for the exchange of funds of their users. 

Fact 9: Ripple and Banks

Because of its digital money protocol, this system is not only used by crypto enthusiasts but also by big banks. Ripple is used across 40 countries for its cross-border and real-time transactions. 

Although not directly applicable to other cryptos, Ripple shows the crypto community to the rest of financial institutions as a viable solution to big societal problems. 

Fact 10: XRP vs Ripple

As a fun fact, XRP is the name of the currency of Ripple. 

It is not an abbreviation like BTC is to Bitcoin or ETH for Ether. Therefore, there is no such thing as buying 10 Ripple (system) as you are really buying 10 XRP (crypto).

Undoubtedly, Ripple is a finance and crypto network that is sure to stay for a very long time. 

Featured news

Celebrate BitStarz’ Birthday and Win a Tesla Model 3!

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

Everyone’s favorite online casino is baking a cake, popping the champagne, and inviting you to the biggest and best birthday party of the year. BitStarz is getting ready to celebrate its 6th birthday and we’re doing it in style with a promotion that will drive you insane.

If you love cars and casino games, you’re in for one epic birthday treat courtesy of BitStarz. When you deposit at BitStarz during the birthday celebrations you will get a ticket (or tickets) that give you entry into the draw for a brand-new Tesla Model 3 – now that’s one birthday bash you don’t want to miss out on!

Speed Around the Reels and the Race Track

We’ve all dreamed of owning a Tesla at one point in our lives, and now BitStarz is making this dream a reality. Imagine hurtling from 0-100km/h in as little as 3.4 seconds in your brand-new Model 3, or zooming down the highway at 261km/h in ultimate luxury – we don’t recommend doing this, by the way.

It’s definitely the only way to travel in 2020, and what’s more, you’re doing the planet a favor by going electric. Make sure you’re in the BitStarz birthday lottery to get your hands on this high-powered and high-tech car.

Entering the Lottery…

Continue Reading

Featured news

Making Your Investment Work: What You Need To Grow Your Crypto Business

Published

on

what you need to grow your crypto business
READ LATER - DOWNLOAD THIS POST AS PDF

The question of whether or not cryptocurrency is a worthy investment has been answered. It seems that over  61% of Americans have invested in cryptocurrency, according to Finder. That is why establishing a crypto business is a savvy financial move. If you’ve already got one, the next order of business is to grow it accordingly. So what does your crypto business need to grow?

Added Manpower

One of the top reasons small businesses fail is because of overexpansion, according to the Small Business Administration. So while you’re looking to grow your business, make sure it is within suitable means. If your crypto business is looking to take on more clients, it needs more people. Whether you need more programmers, traders, marketing staff, etc. you need to make sure you don’t go overboard. The last thing your business needs is being overburdened with additional employees that it cannot afford. So it is recommended that you add people with skills critical to your operational growth.

Suitable Insurance

If your business has a certain number of employees, it will be subject under the Workers Compensation Law that all states passed in 1950. Having workers comp insurance protects your business if an employee becomes injured or ill at work. That type of insurance also covers loss…

Continue Reading

Featured news

Sologenic Lists 30 Securities Exchanges For Stocks Tokenization

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

European crypto exchange CoinField is getting closer to the launch date of its ambitious Sologenic project.  This week it announced all of the stock exchanges that will be “compatible” for tokenized assets trading on the XRP Ledger.  Once live, the Sologenic ecosystem will allow trading of 40,000 stocks, ETFs and commodities. These traditional assets will be turned into stablecoins and backed by real-word assets, per Sologenic. 

Here is the complete and very impressive list of traditional stock exchanges that Sologenic is adding to its platform:

NASDAQ

New York Stock Exchange & NYSE MKT

Toronto Stock Exchange

TSX Venture Exchange

Athens Exchange

BME Spanish Exchanges

Deutsche Borse (XETRA)

Irish Stock Exchange

Johannesburg Stock Exchange

London Stock Exchange & IOB

Milan Stock Exchange

NASDAQ OMX Copenhagen, Helsinki and Stockholm

NYSE Euronext Amsterdam AEX, Brussels, Lisbon and Paris

Oslo Stock Exchange

Prague Stock Exchange

SIX Swiss Exchange

Wiener Borse / Vienna Stock Exchange

Warsaw Stock Exchange

Australian Securities Exchange

Hong Kong Exchanges

HK Stock Connect

Singapore Exchange

Continue Reading

Press Release