Ripple Price for today is $0.254. Its current circulating supply is XRP 99,990,867,835 with a market cap of $11,473,124,746.35.
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It is the 3rd largest cryptocurrency by market cap. It is also one of the oldest cryptocurrencies in existence, because the idea is a little older than Bitcoin itself. In 2005, Jed McCaleb came up with the idea of a financial services system that would act as a secure mode of payment for online transactions. He then approached Arthur Britto and David Schwartz, who built it with the help of Ryan Fugger, who as far back as 2005, had built such a system and named it Opencoin. It is the Opencoin system that formed the basis of Ripplelabs, and the cryptocurrency that debuted in the crypto markets as Ripple in 2012. Like most cryptocurrencies, XRP became most visible to the masses during the 2017 crypto rally. At the time, the crypto rallied to a high of over $3.5 on December 29th, 2017, and with a market cap of $73 billion. Like other cryptocurrencies, it has since corrected and currently has a market cap of about $13.67 billion.
The currencies ledger has several features that put it at the forefront of the crypto revolution. One of its key features is speed. This currency is one of the fastest ways to send money globally. One can send money using it to any part of the world in under 4 seconds. Related to speed is the feature of scalability. A major advantage that centralized systems such as Visa have over cryptos is that of scalability. Most blockchains can handle very few transactions per second, making them impractical for large scale use in the finance industry. XPR does not have this problem and can consistently handle more than 1500 transactions per second. In fact, as of July 15th, 2019, it could handle over 65,000 transactions per second, making it competitive as a global payment system. The other key feature is decentralization. In the past, there were concerns that XRP is a centralized coin where RippleLabs controls all the validator nodes. This notion has since been dispelled as the network is run by more than 150 independent validators spread across the world. It is also for this reason that back in 2018, there was a rebranding from Ripple (XRP) to XRP (XRP). The goal was to help investors understand the difference between the company and the coin. Lastly, it is eco-friendly. Unlike proof-of-work coins that require energy to produce, the currency’s ledger settles transactions without mining.
Like all other cryptos, you need a way to exchange Ripple to other coins, or cash. This can be for trading, or to get money for whatever reason. For trading purposes, one might find it necessary to convert Ripple to a stable coin such as Tether (USDT) in times of market volatility. To convert your XRP, you need an XRP Converter that is fast, easy to use, and has low fees. ChangeNOW.io is an amazing Ripple Converter, and offers all that, and more.
ChangeNOW.io is one of the best cryptocurrency exchanges on the market, offering seamless and fast transactions. The platform allows users to exchange Ripple for BTC and more than 200 other currencies. The best part is that you do not need to register, you can exchange any amount of crypto you want - there is no upper limit.