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  • Can someone explain the high supply? December 17, 2017
    Hey guys, I'm still quite new to all of this so I'm just wondering. With such a high supply of ripple, the chances of it going up to double digits+ is almost impossible isn't it? Of course going from what the current market is to like 5 dollars would still be amazing, but beyond that […]
    /u/soobak4u
  • New created accounts December 17, 2017
    Through https://xrpcharts.ripple.com/#/accounts you can check the numbers of newly created account. At the end of the 16th of december the total number accounts was 686.442. The last couple of months about 800-2000 accounts were created a day. But this month the avarage is about 6590 a day with a record of 20158 on 15 december. […]
    /u/Weydie
  • Why are people buying Ethereum from coinbase then transferring to Binance via Gdax? December 17, 2017
    I previously traded exclusively on Wex. I'm currently awaiting verification on Coinbase / Gdax. Which is taking ages. I have read a lot of people do the following when buying Ripple with fiat. 1: Purchase Ethereum @ coinbase. 2: Transfer to Gdax. 3: Transfer Ethereum from Gdax to Binance. 4: Purchase Ripple with Ethereum @ […]
    /u/samxls
  • Does anyone know why eToro has blocked the buy on ripple? December 17, 2017
    It kind of reminds me of a trading halt on the stock exchange and that something big is going to happen.. Or, they are just losing too much money on all the cryptos at the moment. I understand eToro isn’t the best for hodl’n, but it was the easiest verification for an Aussie. Also, I […]
    /u/G00G0L
  • XRP drawing and fibonacci extension December 17, 2017
    submitted by /u/dcardona1 [link] [comments]
    /u/dcardona1
  • XRP's Potential December 17, 2017
    submitted by /u/Sebastian_Phx [link] [comments]
    /u/Sebastian_Phx
  • And this is why we HODL. Which coin will best serve the G7 reserves? Ya damn right... December 17, 2017
    submitted by /u/timmyt03 [link] [comments]
    /u/timmyt03
  • XRP Coin Destruction December 17, 2017
    Hello again, Question... what always seems to be quoted as a rationale for XRP not rising to a price of say $50 is that fact there are so many coins in circulation. As the coins are destroyed this reduces the pool and increases the scarcity of the asset, in this case XRP? This would have […]
    /u/bakedwafer
  • What would be an early retirement investment amount with todays prices (~0.75)? December 17, 2017
    I am new to cryptocurrency investing and I'm wondering if is possible for Ripple to ever overtake bitcoin. Also given that people are more aware of crypto today compared to 2008, does that mean that new cryptos like ripple will soar faster? or, because theres so much competition for attention no other crypto will reach […]
    /u/MasPapita
  • 3 Reasons Why You Should Invest in Ripple Cryptocurrency While You Still Can December 17, 2017
    submitted by /u/CUTE_KITTENS [link] [comments]
    /u/CUTE_KITTENS

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What Is Ripple ?

Ripple denoted as XRP is a peer to peer, open source and decentralized distributed system that transmits digital currency. Allow exchanges, payments, and remittance of funds. Ripple can be said to be both a currency and a payment system. Many banks, such as Santander, UBS, and UniCredit have adopted Ripple(XRP) as a payment network.

If you think, the two cryptocurrency giants ”Bitcoin and Ethereum” have taken all the juicy pies in the cryptocurrency market, you are in for a surprise because a customer-oriented currency has entered the arena and has taken the lead based on the current market capitalization. Ripple, the third largest cryptocurrency is currently worth over $10billion, and its token price has soared up to 3,300% over the last one year. This is an authoritative information you can bank on.

Ripple-like Bitcoin and Ethereum, all use a decentralized distributed system to transmit digital currency, providing transparency, security and immutability without the interference of the third party. But the similarities didn’t go beyond that; Ripple designed a unique platform for their customers.

TEAM

Ripple has a dynamic team who are so dedicated to making Ripple(XRP), a force to reckon with in the cryptocurrency market. We have on their team, Mr. Brad Garlinghouse (the CEO of Ripple and a member of the Board of Directors), Asheesh Birla(VP of Products).Mr. Patrick Griffin(the SVP of Business Development), Brynly Llyr(General Counsel of Ripple), Monica Long(VP of Marketing), John Mitchell(SVP of Global Sales), Antoinette O’Gorman(Chief Compliance Officer), David Schwartz(Chief Cryptographer), Stefan Thomas(the CTO), Marcus Treacher(Global Head of Strategic Accounts) and Ron Will(Chief Financial Officer).

 

Practical Uses of Ripple

Banks use XRP for financial transactions.

Ripple(XRP) is bringing a solution to the problem of international remittance.

Since some banks have started adopting blockchain technology, XRP is a plug and play solution to most financial challenges banks face.

You can use Ripple as a currency to purchase goods, transact with any buyer or seller for anything online.

XRP is used to make payment and source liquidity.

 

Mining of Ripple

When a cryptographic problem is solved by a miner or a group of miners as being practiced recently, a new block is being added to the blockchain. The miner or team of miners are being rewarded with the commiserate amount of ripples. Please note, anyone can mine ripple as long as your hardware meets the requirements, you have a stable internet connection and also have the technical know-how.

 

How Does the Mining Work?

XRP is made explicitly for payment and transfers of currencies, but people are getting more interested in mining ripple.

 

Here are some ways in which one can mine ripple:

Cloud Mining: This is one of the preferred methods of mine ripple. All you to do is to connect to a  datacenter with a shared power and begin to mine. The advantage of this is that you don’t need a hardware for mine. Many mining companies are using this platform today to scam people; so one needs to be careful. Carefully choose a trustworthy company, you can rely on and start mining ripple.

  Mining Pool:  This is one mining method, I recommend to newbies in the mining business. All you need to do is to join a mining group(pool) to start mining ripple. You can find such mining pool from any cryptocurrency forum. When the mining pool solves a cryptocurrency problem, the reward of a fixed amount of ripple is given to the mining pool, and it will be shared based on one’s effort in resolving the problem.

Notes for investors

In January 2014, the ripple was $0.022, and as of August 2017, the price has risen to $0.155. It shows a steady progress but on a snail movement. Cryptocurrency analysts have predicted that the price to skyrocket in the coming months and their prediction was based on the developmental stride the ripple team has made in the last couple of months.                                                                         The area ones need to consider whether to invest in ripple or not, is their partnership with some notable banks; it gives confidence and hopes that there is a future in ripple.

MUST READ!

This little report about ripple should not be seen as an endorsement to invest in ripple. Cryptocurrency investment is speculative and unpredictable, and it involves risks. The market is full of uncertainty, susceptible to attack and capital loss. There are many parameters one needs to check before investing. Don’t invest only based on what you have read here, but invest based on the fact that, you have sought advice. I wish you success!