XRP

$0,45 USD (-14,24%)

0,00007063 BTC

Ripple
Market Cap $17 925 890 048 USD / 2 804 525 BTC
Volume (24h) $1 186 961 536 USD / 185 701 BTC
Circulating Supply 99 991 838 720 XRP
Max Supply 99 999 997 952 XRP
Date Open High Low Close Volume Market Cap
2018-09-24 0,57 0,58 0,49 0,49 1.034.382.720 19.724.632.064
2018-09-23 0,58 0,59 0,56 0,57 1.043.970.688 22.718.615.552
2018-09-22 0,56 0,62 0,50 0,57 2.410.777.344 22.716.899.328
2018-09-21 0,45 0,75 0,43 0,56 4.101.485.568 22.351.288.320
2018-09-20 0,33 0,48 0,32 0,45 1.289.550.336 17.884.188.672
2018-09-19 0,32 0,33 0,31 0,33 489.865.792 12.986.578.944
2018-09-18 0,27 0,33 0,27 0,32 600.216.128 12.812.949.504
2018-09-17 0,28 0,28 0,27 0,27 246.340.736 10.832.705.536
2018-09-16 0,28 0,28 0,28 0,28 197.324.192 11.204.206.592
2018-09-15 0,28 0,28 0,28 0,28 205.361.376 11.226.481.664
2018-09-14 0,28 0,28 0,27 0,28 269.049.536 11.036.235.776
2018-09-13 0,27 0,28 0,27 0,28 311.818.624 11.145.810.944
2018-09-12 0,26 0,27 0,26 0,27 298.448.544 10.725.937.152
2018-09-11 0,27 0,27 0,26 0,26 200.221.376 10.448.765.952
2018-09-10 0,28 0,28 0,26 0,27 205.442.304 10.767.204.352
2018-09-09 0,28 0,29 0,27 0,28 168.990.528 11.049.706.496
2018-09-08 0,29 0,30 0,27 0,28 169.207.536 11.075.609.600
2018-09-07 0,30 0,31 0,29 0,29 213.654.672 11.538.952.192
2018-09-06 0,28 0,31 0,28 0,30 330.368.416 12.048.083.968
2018-09-05 0,33 0,33 0,28 0,28 344.535.776 11.263.377.408
2018-09-04 0,34 0,34 0,33 0,33 241.419.296 13.150.072.832
2018-09-03 0,34 0,34 0,33 0,34 201.381.568 13.300.813.824
2018-09-02 0,35 0,35 0,34 0,34 240.907.216 13.581.072.384
2018-09-01 0,33 0,35 0,33 0,35 257.267.312 13.787.210.752
2018-08-31 0,34 0,34 0,33 0,34 219.139.008 13.295.971.328
2018-08-30 0,35 0,35 0,33 0,34 263.925.184 13.300.419.584
2018-08-29 0,35 0,35 0,34 0,34 275.908.160 13.671.480.320
2018-08-28 0,34 0,36 0,34 0,35 329.038.400 13.912.686.592
2018-08-27 0,32 0,34 0,32 0,34 227.874.256 13.369.975.808
2018-08-26 0,33 0,33 0,32 0,32 168.688.960 12.795.450.368
2018-08-25 0,33 0,33 0,32 0,33 167.462.064 12.978.057.216
2018-08-24 0,33 0,33 0,32 0,33 244.671.680 12.950.591.488
2018-08-23 0,32 0,33 0,32 0,33 217.711.568 12.964.284.416
2018-08-22 0,33 0,35 0,32 0,32 287.245.696 12.655.523.840
2018-08-21 0,32 0,34 0,32 0,33 248.441.088 13.176.247.296
2018-08-20 0,34 0,35 0,32 0,32 311.144.000 12.570.939.392
2018-08-19 0,33 0,35 0,32 0,34 327.369.408 13.545.671.680
2018-08-18 0,37 0,37 0,32 0,33 434.636.608 12.871.006.208
2018-08-17 0,29 0,38 0,29 0,37 496.365.248 14.415.694.848
2018-08-16 0,28 0,30 0,28 0,29 238.197.696 11.509.302.272
2018-08-15 0,27 0,30 0,27 0,28 331.780.416 11.089.803.264
2018-08-14 0,28 0,28 0,25 0,27 276.565.344 10.785.676.288
2018-08-13 0,30 0,31 0,28 0,28 235.296.256 10.931.509.248
2018-08-12 0,30 0,31 0,30 0,30 178.959.920 11.721.426.944
2018-08-11 0,32 0,32 0,29 0,30 284.669.920 11.859.519.488
2018-08-10 0,35 0,35 0,32 0,32 249.539.504 12.607.742.976
2018-08-09 0,33 0,36 0,33 0,35 325.774.816 13.628.043.264
2018-08-08 0,38 0,38 0,33 0,33 360.856.736 13.045.373.952
2018-08-07 0,41 0,42 0,38 0,38 244.614.816 14.981.196.800
2018-08-06 0,43 0,44 0,41 0,41 242.167.344 16.273.063.936
2018-08-05 0,43 0,44 0,43 0,43 186.703.104 17.047.300.096
2018-08-04 0,44 0,44 0,43 0,43 185.699.632 16.833.603.584
2018-08-03 0,43 0,50 0,43 0,44 278.878.304 17.321.535.488
2018-08-02 0,45 0,45 0,43 0,43 205.070.336 16.918.745.088
2018-08-01 0,43 0,46 0,43 0,45 323.087.456 17.538.103.296
2018-07-31 0,45 0,45 0,43 0,44 228.767.184 17.111.150.592
2018-07-30 0,45 0,45 0,44 0,45 247.714.448 17.539.018.752
2018-07-29 0,45 0,46 0,45 0,45 191.966.000 17.822.035.968
2018-07-28 0,45 0,46 0,45 0,45 157.346.000 17.836.228.608
2018-07-27 0,45 0,46 0,45 0,45 203.720.992 17.834.969.088
2018-07-26 0,46 0,47 0,45 0,45 199.804.000 17.701.140.480
2018-07-25 0,46 0,47 0,45 0,46 255.580.992 18.061.389.824
2018-07-24 0,45 0,47 0,44 0,46 319.291.008 17.956.808.704
2018-07-23 0,45 0,46 0,44 0,45 194.700.992 17.518.557.184
2018-07-22 0,46 0,46 0,45 0,45 158.992.000 17.670.670.336
2018-07-21 0,45 0,46 0,44 0,46 180.339.008 17.904.754.688
2018-07-20 0,48 0,48 0,44 0,45 295.167.008 17.560.154.112
2018-07-19 0,49 0,49 0,47 0,48 293.824.992 18.732.036.096
2018-07-18 0,50 0,52 0,48 0,49 368.364.000 19.123.206.144
2018-07-17 0,48 0,52 0,47 0,51 347.017.984 19.829.891.072
2018-07-16 0,45 0,48 0,44 0,48 269.283.008 18.979.504.128
2018-07-15 0,44 0,45 0,44 0,45 152.908.000 17.506.652.160
2018-07-14 0,44 0,44 0,43 0,44 134.923.008 17.251.801.088
2018-07-13 0,44 0,44 0,43 0,44 178.816.992 17.214.971.904
2018-07-12 0,45 0,45 0,43 0,44 182.139.008 17.093.454.848
2018-07-11 0,45 0,45 0,44 0,45 183.962.000 17.679.486.976
2018-07-10 0,47 0,47 0,44 0,45 230.418.000 17.473.437.696
2018-07-09 0,48 0,48 0,47 0,47 206.443.008 18.625.239.040
2018-07-08 0,49 0,50 0,48 0,48 226.538.000 18.763.679.744
2018-07-07 0,48 0,49 0,47 0,49 214.832.992 19.332.513.792
2018-07-06 0,48 0,48 0,46 0,48 245.072.992 18.805.258.240
2018-07-05 0,49 0,50 0,47 0,48 279.999.008 18.909.775.872
2018-07-04 0,49 0,50 0,48 0,49 313.664.992 19.230.693.376
2018-07-03 0,49 0,52 0,48 0,49 410.225.984 19.050.872.832
2018-07-02 0,46 0,49 0,45 0,49 337.070.016 19.128.416.256
2018-07-01 0,47 0,47 0,45 0,46 267.224.992 18.113.882.112
2018-06-30 0,45 0,48 0,45 0,47 344.384.992 18.263.314.432
2018-06-29 0,45 0,46 0,43 0,45 310.132.992 17.809.522.688
2018-06-28 0,47 0,47 0,45 0,45 220.746.000 17.607.675.904
2018-06-27 0,46 0,47 0,45 0,47 215.618.000 18.467.713.024
2018-06-26 0,48 0,48 0,46 0,46 179.426.000 17.903.550.464
2018-06-25 0,48 0,49 0,48 0,48 231.728.992 18.914.627.584
2018-06-24 0,49 0,49 0,45 0,48 369.520.000 18.734.923.776
2018-06-23 0,49 0,50 0,48 0,49 204.927.008 19.280.590.848
2018-06-22 0,54 0,54 0,48 0,49 339.428.992 19.110.383.616
2018-06-21 0,54 0,55 0,53 0,53 194.312.000 20.987.408.384
2018-06-20 0,55 0,55 0,53 0,54 256.920.000 21.164.443.648
2018-06-19 0,54 0,56 0,53 0,55 255.400.000 21.570.043.904
2018-06-18 0,53 0,55 0,51 0,54 276.527.008 21.094.154.240
2018-06-17 0,54 0,54 0,53 0,53 166.028.000 20.729.997.312
2018-06-16 0,54 0,54 0,52 0,53 202.682.000 20.987.760.640
2018-06-15 0,56 0,56 0,53 0,54 241.684.992 21.102.475.264
2018-06-14 0,54 0,57 0,53 0,56 379.824.992 22.028.625.920
2018-06-13 0,56 0,56 0,52 0,53 359.864.992 20.982.480.896
2018-06-12 0,60 0,60 0,56 0,56 309.544.000 22.091.919.360
2018-06-11 0,59 0,60 0,57 0,60 336.547.008 23.706.155.008
2018-06-10 0,66 0,66 0,56 0,59 492.555.008 23.080.601.600
2018-06-09 0,67 0,68 0,66 0,66 175.990.000 25.891.631.104
2018-06-08 0,68 0,68 0,66 0,67 221.887.008 26.464.126.976
2018-06-07 0,68 0,69 0,67 0,68 244.568.000 26.612.666.368
2018-06-06 0,68 0,68 0,66 0,67 273.966.016 26.480.064.512
2018-06-05 0,66 0,68 0,64 0,68 386.328.000 26.567.102.464
2018-06-04 0,69 0,70 0,64 0,66 558.131.008 25.955.325.952
2018-06-03 0,64 0,67 0,64 0,67 327.804.000 26.339.108.864
2018-06-02 0,62 0,65 0,62 0,64 315.206.016 25.249.998.848
2018-06-01 0,61 0,62 0,61 0,62 263.088.000 24.461.754.368
2018-05-31 0,60 0,62 0,60 0,61 283.328.000 24.008.636.416
2018-05-30 0,60 0,63 0,59 0,61 320.604.992 23.741.949.952
2018-05-29 0,56 0,61 0,55 0,60 380.744.000 23.562.614.784
2018-05-28 0,61 0,61 0,55 0,55 327.903.008 21.644.580.864
2018-05-27 0,61 0,61 0,60 0,61 186.963.008 23.822.837.760
2018-05-26 0,61 0,63 0,60 0,61 213.242.000 24.012.007.424
2018-05-25 0,63 0,64 0,60 0,61 289.816.000 23.945.109.504
2018-05-24 0,60 0,64 0,59 0,63 440.532.992 24.767.942.656
2018-05-23 0,65 0,65 0,59 0,60 482.480.992 23.498.070.016
2018-05-22 0,68 0,68 0,64 0,65 234.400.000 25.349.011.456
2018-05-21 0,70 0,70 0,68 0,68 250.480.992 26.711.373.824
2018-05-20 0,68 0,70 0,67 0,70 275.614.016 27.442.540.544
2018-05-19 0,68 0,69 0,67 0,68 249.039.008 26.520.360.960
2018-05-18 0,67 0,69 0,65 0,68 344.944.000 26.660.700.160
2018-05-17 0,71 0,71 0,66 0,67 337.999.008 26.151.858.176
2018-05-16 0,70 0,71 0,67 0,71 429.641.984 27.984.812.032
2018-05-15 0,74 0,75 0,69 0,70 422.980.000 27.377.641.472
2018-05-14 0,74 0,76 0,71 0,74 613.462.016 29.035.769.856
2018-05-13 0,70 0,76 0,68 0,75 532.488.000 29.225.840.640
2018-05-12 0,69 0,71 0,64 0,70 596.684.992 27.305.023.488
2018-05-11 0,76 0,76 0,66 0,68 991.409.024 26.843.090.944
2018-05-10 0,80 0,81 0,76 0,76 399.324.000 29.706.405.888
2018-05-09 0,81 0,82 0,77 0,80 611.574.976 31.422.648.320
2018-05-08 0,83 0,85 0,80 0,81 465.040.992 31.889.928.192
2018-05-07 0,87 0,87 0,81 0,83 602.534.976 32.621.424.640
2018-05-06 0,90 0,92 0,86 0,87 640.057.024 34.140.874.752
2018-05-05 0,90 0,92 0,90 0,91 668.800.000 35.460.358.144
2018-05-04 0,88 0,93 0,87 0,90 1.007.609.984 35.081.859.072
2018-05-03 0,86 0,89 0,85 0,88 725.228.992 34.651.836.416
2018-05-02 0,84 0,86 0,83 0,86 544.425.984 33.636.839.424
2018-05-01 0,84 0,84 0,80 0,84 630.809.024 32.944.324.608
2018-04-30 0,87 0,88 0,83 0,84 575.363.968 32.802.091.008
2018-04-29 0,86 0,90 0,83 0,87 896.854.016 34.199.101.440
2018-04-28 0,81 0,89 0,81 0,86 788.718.976 33.814.646.784
2018-04-27 0,85 0,86 0,81 0,81 673.793.024 31.860.508.672
2018-04-26 0,80 0,85 0,77 0,85 1.028.590.016 33.368.772.608
2018-04-25 0,93 0,93 0,78 0,80 1.614.050.048 31.340.724.224
2018-04-24 0,88 0,97 0,87 0,93 1.572.930.048 36.593.127.424
2018-04-23 0,87 0,89 0,86 0,88 674.545.024 34.317.793.280
2018-04-22 0,87 0,91 0,85 0,87 946.398.976 34.036.635.648
2018-04-21 0,93 0,93 0,82 0,87 1.563.970.048 34.158.229.504
2018-04-20 0,79 0,94 0,79 0,92 2.344.069.888 36.167.655.424
2018-04-19 0,71 0,79 0,71 0,79 878.328.000 30.984.314.880
2018-04-18 0,66 0,72 0,66 0,71 624.049.024 27.735.400.448
2018-04-17 0,66 0,68 0,65 0,66 442.352.992 25.701.054.464
2018-04-16 0,68 0,69 0,64 0,66 531.996.000 25.950.031.872
2018-04-15 0,63 0,68 0,63 0,68 609.636.992 26.702.637.056
2018-04-14 0,64 0,66 0,62 0,63 626.268.032 24.732.805.120
2018-04-13 0,63 0,69 0,61 0,64 1.245.170.048 24.963.747.840
2018-04-12 0,54 0,64 0,51 0,63 1.346.739.968 24.597.948.416
2018-04-11 0,49 0,55 0,49 0,54 341.707.008 21.091.729.408
2018-04-10 0,49 0,49 0,48 0,49 154.495.008 19.231.807.488
2018-04-09 0,50 0,51 0,48 0,49 271.775.008 19.228.835.840
2018-04-08 0,49 0,50 0,49 0,50 137.548.000 19.562.819.584
2018-04-07 0,48 0,50 0,47 0,49 209.076.000 19.072.925.696
2018-04-06 0,49 0,50 0,47 0,48 218.156.000 18.625.841.152
2018-04-05 0,50 0,51 0,48 0,50 358.755.008 19.383.101.440
2018-04-04 0,55 0,56 0,50 0,50 415.257.984 19.611.023.360
2018-04-03 0,50 0,56 0,50 0,56 578.238.976 21.816.463.360
2018-04-02 0,49 0,51 0,48 0,50 262.342.000 19.574.157.312
2018-04-01 0,51 0,52 0,47 0,49 297.868.992 18.964.008.960
2018-03-31 0,51 0,53 0,51 0,51 293.208.000 20.030.195.712
2018-03-30 0,51 0,53 0,48 0,51 518.219.008 19.921.199.104
2018-03-29 0,58 0,58 0,51 0,51 420.550.016 19.997.126.656
2018-03-28 0,58 0,59 0,57 0,58 258.298.000 22.596.542.464
2018-03-27 0,60 0,60 0,57 0,58 351.380.992 22.593.218.560
2018-03-26 0,64 0,64 0,59 0,60 384.504.992 23.435.542.528
2018-03-25 0,64 0,66 0,63 0,64 231.315.008 25.102.833.664
2018-03-23 0,66 0,66 0,63 0,64 387.164.000 25.144.389.632
2018-03-22 0,69 0,70 0,64 0,66 449.041.984 25.909.426.176
2018-03-21 0,71 0,72 0,68 0,69 527.324.000 27.118.166.016
2018-03-20 0,74 0,74 0,67 0,71 814.275.968 27.749.302.272
2018-03-19 0,67 0,75 0,64 0,75 1.096.930.048 29.284.603.904
2018-03-18 0,63 0,68 0,55 0,66 923.606.016 25.752.723.456
2018-03-17 0,69 0,69 0,63 0,64 319.824.000 24.934.885.376
2018-03-16 0,70 0,71 0,67 0,69 502.740.000 26.944.356.352
2018-03-15 0,70 0,73 0,64 0,70 888.345.024 27.257.442.304
2018-03-14 0,79 0,80 0,68 0,70 479.148.992 27.438.553.088
2018-03-13 0,80 0,81 0,78 0,79 279.679.008 30.871.158.784
2018-03-12 0,80 0,84 0,79 0,80 355.031.008 31.314.534.400
2018-03-11 0,80 0,84 0,78 0,83 472.972.000 32.490.184.704
2018-03-10 0,85 0,86 0,79 0,80 402.670.016 31.141.707.776
2018-03-09 0,83 0,86 0,75 0,85 989.203.008 33.218.820.096
2018-03-08 0,86 0,89 0,83 0,83 499.496.000 32.284.366.848
2018-03-07 0,92 0,93 0,82 0,87 809.598.016 34.057.304.064
2018-03-06 0,95 0,99 0,92 0,92 875.180.032 36.077.457.408
2018-03-05 1,01 1,08 0,96 0,96 1.706.819.968 37.503.574.016
2018-03-04 0,91 1,03 0,90 1,01 797.225.984 39.308.525.568
2018-03-03 0,91 0,93 0,90 0,91 280.852.992 35.487.834.112
2018-03-02 0,93 0,93 0,90 0,91 271.036.000 35.579.310.080
2018-03-01 0,90 0,95 0,89 0,93 475.256.992 36.293.541.888
2018-02-28 0,94 0,96 0,90 0,90 329.529.984 35.364.495.360
2018-02-27 0,96 0,97 0,94 0,95 312.712.992 37.034.700.800
2018-02-26 0,94 0,97 0,91 0,96 458.612.992 37.408.215.040
2018-02-25 0,95 0,97 0,92 0,94 360.271.008 36.885.438.464
2018-02-24 1,00 1,01 0,93 0,95 489.920.000 37.312.155.648
2018-02-23 0,93 1,03 0,90 1,00 896.403.968 39.050.039.296
2018-02-22 1,01 1,05 0,92 0,94 889.707.008 36.738.412.544
2018-02-21 1,08 1,10 1,00 1,02 871.526.016 39.609.569.280
2018-02-20 1,14 1,17 1,08 1,09 806.673.024 42.498.981.888
2018-02-19 1,12 1,17 1,12 1,14 556.304.000 44.642.926.592
2018-02-18 1,20 1,21 1,09 1,12 1.113.650.048 43.708.264.448
2018-02-17 1,14 1,22 1,13 1,20 1.186.729.984 47.005.323.264
2018-02-16 1,14 1,15 1,11 1,14 568.339.008 44.393.656.320
2018-02-15 1,14 1,16 1,11 1,15 1.188.530.048 44.738.109.440
2018-02-14 1,03 1,17 1,02 1,14 1.457.600.000 44.533.702.656
2018-02-13 1,08 1,08 1,01 1,03 921.100.032 40.078.458.880
2018-02-12 1,01 1,11 1,01 1,08 1.756.290.048 42.169.352.192
2018-02-11 1,07 1,08 0,93 1,00 2.555.310.080 39.171.493.888
2018-02-10 0,95 1,30 0,95 1,07 4.682.010.112 41.768.726.528
2018-02-09 0,80 0,95 0,77 0,95 1.690.339.968 37.231.489.024
2018-02-08 0,73 0,81 0,72 0,81 947.315.008 31.412.678.656
2018-02-07 0,77 0,81 0,71 0,72 1.133.369.984 28.238.575.616
2018-02-06 0,71 0,79 0,59 0,78 2.361.139.968 30.286.481.408
2018-02-05 0,83 0,83 0,68 0,69 1.286.179.968 26.986.536.960
2018-02-04 0,91 0,95 0,80 0,82 1.190.960.000 31.819.933.696
2018-02-03 0,89 0,97 0,76 0,92 1.988.960.000 36.046.192.640
2018-02-02 0,96 0,96 0,64 0,88 3.529.760.000 34.514.731.008
2018-02-01 1,16 1,16 0,93 0,96 1.410.419.968 37.547.540.480
2018-01-31 1,13 1,19 1,04 1,16 1.264.029.952 45.029.990.400
2018-01-30 1,18 1,33 1,13 1,14 1.134.640.000 44.106.838.016
2018-01-29 1,40 1,41 1,30 1,32 1.073.680.000 51.289.464.832
2018-01-28 1,22 1,44 1,22 1,40 1.327.360.000 54.219.304.960
2018-01-27 1,22 1,24 1,19 1,22 689.100.992 47.227.277.312
2018-01-26 1,31 1,33 1,13 1,22 2.037.570.048 47.155.994.624
2018-01-25 1,36 1,38 1,29 1,31 986.067.968 50.834.665.472
2018-01-24 1,35 1,42 1,31 1,36 1.853.440.000 52.574.826.496
Market Last Price Last Volume Last Volume Total Volume 24H Volume 24H Total

What is Ripple?

Released in 2012, most people think that Ripple is exactly like Bitcoin and in the same cryptocurrency camp. This is far from the truth. Ripple doesn’t need the energy and computing power of Bitcoin to deal with the proof-of-work. Instead Ripple is a shared public database. Integrity is assured through a consensus process between validating servers. The servers can belong to anyone from individuals to financial organisations.

As the verification process is near instant it means the transfer of money is direct and immediate. You can exchange Ripple for traditional currency, gold or any commodity really – without incurring some of the costs of banks and other cryptocurrencies.

Ripple is not based on blockchain technology. It is a consensus mechanism, but it uses a Hashtree. This Hashtree is used to summarise data to a single value that is compared across validating servers and from this there is a consensus. The main reason for Ripple is to transfer large amounts of money around the world as quickly as possible and is much more highly regarded than other cryptocurrencies by banks and large enterprises.

As Ripple is controlled centrally it is in contradiction to the ideals of other cryptocurrencies. It is more open to regulation than other altcoins, mostly because it maintains a trusted Unique Node List. This protects against malicious or insecure validation but is also a mechanism for regulation.

How is Ripple’s value determined?

Ripple’s value is in the token XRP. Ripple’s value is not necessarily in its price but in the digital asset that is custom-built for enterprises. In other words, the value of Ripple is the mechanism that allows for large transfer of funds immediately between institutions. It is its reliability when offering liquidity and cross-border payments. This is something that could take days in traditional banking – Ripple’s value is that it can do it almost instantly – and with low fees in comparison.

So, the token value of XRP in comparison to traditional currencies is almost irrelevant. It is the fast, scalable and stable transfer of funds that is inherently valuable. The number of transaction per second are much higher than other cryptocurrencies, there have been 34 million transactions without issue since 2012 and the transfer is instant.

Ripple’s value is potentially impacted by the personal problems that some people have that this cryptocurrency is institutional and within government control. The business model is against the ideals of digital currencies – or the original ideals of Bitcoin. However, if investors continue to see the potential for profits in the Ripple mechanism, it is unlikely that ideals will have much impact on value.

How can you get hold of Ripple?

So, this is where Ripple is different to other digital currencies. XRP itself does not hold much value. Instead it is a way of moving money quickly from one country to another. So, if you want to transfer money from Japan to South Africa it would take time and cost. However, if you transfer Japanese currency to XRP and this XRP is placed in the Ripple wallet in South Africa, then the receiver in South Africa can then change this immediately into traditional currency. The instantaneous nature of this transaction makes SWIFT and other money transfer companies obsolete – both slow and expensive in comparison.

Ripple is therefore being used by some banks as a money transfer platform.

This interest by banks has had the impact of raising the price of the token XRP, which has meant it has been of interest to investors. These investors have bought XRP much more like stocks – as a matter of speculative interest in the value of the mechanism.

To buy Ripple you need a wallet and you need to keep your secret key secure – as this gives you access to the wallet. It is best to have a hardware wallet for security and it is best to have 20 XRP to avoid SPAM attack. To buy Ripple you need to find a Ripple exchange. Alternatively, you can also invest in Ripple through a trading fund. This means that you are speculating on the price like it is a share and you do not actually receive any coins. This sort of trading is not regulated – so it is riskier than traditional trading.

If you just want to hoard some XRP then the easiest way is to purchase it with a credit card or wire transfer through Bitstamp or Gatehub. You can even buy Ripple with Bitcoin – which many see as the cheapest way to buy.

What can impact on Ripple’s price?

The more people who exchange currency using XRP the higher the perceived demand and therefore the higher price. Imagine if banks suddenly believe it pointless to keep transferring between XRP and traditional currencies and that instead they will just trade in XRP. Ripple will then become a global reserve currency and its value will explode. This is what you are betting on if you purchase the token XRP right now.

Ripple could explode in value at any moment when it is seen as a global mechanism for money transfer. It will increase in value the more people trade currencies using Ripple anyway – but the big payday is somewhere in the future when Ripple is the most commonly used means of securing funding when it is needed.

Ripple’s price is something of a bet. If you purchase XRP it is not because you expect to use it to buy and sell products and services. You are investing in the stock of Ripple and its future potential. This makes it different to other cryptocurrencies.

It is also different to other cryptocurrency because Ripple holds 61 billion XRP tokens – with only 39 billion XRP tokens held elsewhere. This is so Ripple can help assure investor confidence. Ripple has spent XRP on expenses and made this transparent to investors to represent its long-term commitment to growth. This is something that people believe will establish security in Ripple’s price.