Ripple has set itself the task of solving the problems of cross-border payments and creating an Internet of value creation. Money is moved as efficiently as we exchange information. The solution is to create a common payment standard and use XRP as a digital asset.
There are several ways to buy XRP, depending on who you are. If you are a financial institution, it is best to contact Ripple directly. If you are a single investor, you have many options to buy xrp. You can visit any of the digital exchanges that Ripple lists and do it that way.
XRP is the only digital asset designed specifically for financial institutions and payment providers.
Many crypto-currencies lack a clear purpose. They can be used for value storage, for the purchase of goods or for consumer transactions. In contrast, Ripple is specifically about transferring value to companies. This makes it one of the few digital assets with a real use case.
Ripple (XRP) Stock Exchanges – Marketplaces
After many crypto exchanges, a market place for the purchase of Ripple convinced us. The broker eToro is doing the race here. In addition to options for direct purchase of cryptocurrencies, it offers social trading features that allow you to follow successful investors and replicate their portfolios. With over six million users, eToro is also one of the world’s most famous brokers and is the only one of the candidates presented here that offers PayPal as a payment option.
Means of payment for the ripple purchase
If you want to buy Ripple, then you should also be well informed about the different payment options. The safest way to pay with PayPal, but also credit card and bank transfer are in question. We introduce you the best methods
Buy XRP via Paypal
PayPal is the safest way to buy your Ripple Coins and the fees are much lower than when paying by card. However, only eToro currently offers the option to use PayPal as a payment method.
Bank transfers abroad are safe and come with virtually no additional charges. However, referrals may take a few days to complete. So you have to expect higher waiting times when buying Ripple.
Difference: Ripple (XRP) vs. Bitcoin (BTC)
Some digital assets, such as Bitcoin, aim to replace existing state-backed currencies. XRP works with paper currencies on more than 10 digital exchanges to enable fast and efficient transfer of value across borders.
Bitcoin is a verminter digital asset, which means that new coins are constantly being created by huge data centers that solve complex mathematical problems. This inefficient system requires enormous amounts of power – the cost of making a coin could power 3.67 US homes for a day – and is termed “unsustainable.”