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Total Market Cap 🛈

$8,806,884,013
24h Volume (Global) 🛈

$1,085,970,028
Circulating Supply 🛈

42,909,539,227 XRP
Details
Max Supply 100,000,000,000
Circulating Supply 42,909,539,227
Total Supply 99,991,841,593
Issue Date 2013-02-02
Cryptographic Algo N/A
Consensus Protocol RPCA
GitHub https://github.com/ripple
White Paper https://ripple.com/../ripple_whitepaper.pdf
Explorer https://xrpcharts.ripple.com/
Website https://ripple.com/
What is Ripple (XRP) and how does it work?

Ripple (XRP) ranks as the third-largest cryptocurrency globally by the market cap only behind Bitcoin and Ethereum. Ripple (XRP) is first and foremost a company, then a cryptocurrency and also a payment processing system. As a payment processing system, Ripple (XRP) is designed to eliminate the common obstacles that are encountered when transferring money be it fiat or cryptocurrencies. These obstacles may come in the form of fee structure, processing delays and currency exchange. Ripple (XRP)’s payment processing system role has seen this network being likened to an advanced SWIFT or Western Union. As a cryptocurrency Ripple (XRP) uses tokens that are known as XRP. This digital currency is regarded as a liquidity source and hence used as a bridge among two or more currencies. Between the Ripple (XRP) payment processing system and the Ripple (XRP) cryptocurrency, the former is the one that makes Ripple (XRP) a force within the cryptocurrency industry. Ripple (XRP)Net, Ripple (XRP)’s blockchain system offers financial institutions as well as businesses a number of programs that help cross-border payments. These programs namely are xVia which allows businesses to send payments via Ripple (XRP)Net, XRP which acts as a bridge from one fiat currency to another, xRapid which allows financial institutions to minimize liquidity cost and xCurrent a payment processing system for banks.

Combined, the above programs help Ripple (XRP) to make international transactions faster and more convenient for banks. It is because of the above programs that XRP, Ripple (XRP)’s cryptocurrency is capable of settling a payment within 4 seconds and handling 1,500 transactions every second. When it comes to the XRP cryptocurrency, there are only 100 billion digital coins created and 60 percent of these coins are owned by Ripple (XRP). When financial institutions initiate cross border payments, XRP is used mid-transaction for liquidity. What this therefore means is that XRP is different from any other cryptocurrencies as it's not used as a ‘currency’ per se in transacting but only used to enable international payments. XRP is very much different from other cryptocurrencies in that it cannot be mined. Whereas other digital currencies are mined, when it comes to XRP, all the 100 billion XRP already exist and require no mining. For those in need of XRP, they will need to visit exchange platforms such as Cryptomate to purchase the coins. See below for more details on how one can buy XRP.



Purchase Ripple (XRP) with GBP safe, legal and instantly on Cryptomate

Cryptomate is a cryptocurrency exchange platform that allows one to use fiat currency including GBP to purchase digital coins including XRP. Cryptomate is a safe and secure exchange platform that makes no use of 3rd parties. In addition, all communication at this exchange platform is secured through 256-bit SSL technology meaning that there is no need to worry about losing your money when purchasing coins. One can only use online banking services to purchase XRP on Cryptomate. It takes just minutes from placing an order to the XRP coins reflecting in your cryptocurrency wallet.

Cryptomate is the best place to buy Ripple (XRP) in the UK. There are three main reasons why we say so. The first reason why it’s advisable to buy Ripple (XRP) on Cryptomate is that Cryptomate is a safe and secure exchange platform. The site uses 256-bit SSL technology to protect one’s financial data during transmission. After completing any transaction, one need not worry about the financial data s/he provided as the platform does not store any payment information on its servers. The second reason is that it is very easy to purchase XRP on Cryptomate as all that one need is an online banking account. Last but not least, after placing an order, the XRP coins reflect in one’s wallet within minutes!

Why is Cryptomate the best UK digital currency gateway?
Fast

We aim to deliver your coins within one hour of your order being placed and payment being confirmed. Thanks to Faster Payments, you are now able to purchase in no time using just your online banking account to purchase.
Secure

We do not store any payment information on our servers. You make your payments through your online banking service, not through a 3rd party processor. All communication is secured through 256-bit SSL.
Easy

Our service couldn't be easier to use. The only thing required from you to use Cryptomate is access to online banking within the UK. Joining the cryptocurrency revolution has never been simpler! More info here.