Ripple XRP

On 2024-11-24 the current Ripple price/exchange rate is 1.3702 EUR.

Ripple is a blockchain-based technology envisioned as a real-time protocol for the transfer of value.

Ripple was created to become a faster and cheaper alternative to existing payment platforms such as SWIFT and other forms of digital payments. 

Ripple operates on an “open-source” decentralized network, and this network makes money transfers easier, whether you are transferring dollars, euros, pounds, or cryptocurrencies like Bitcoin, Litecoin, etc.

It is necessary to understand the difference between the terms XRP, Ripple, and RippleNet.

XRP is a digital currency that operates on a digital payment platform within the RippleNet network. 

RippleNet is a network consisting of payment service providers (such as banks and similar financial institutions) that use solutions developed by Ripple. 

All transactions are stored in the XRP Ledger, or "open-source" public book that allows everyone to view all transactions in real time. 

These transactions are secured and verified by network participants through a consensus mechanism.

At the moment of writing this text, there are around 46 billion XRP coins in circulation. 

The total amount of XRP tokens that can be in circulation is 100 billion. 

Interestingly, all 100 billion XRP tokens already exist but not all tokens have been released into circulation. 

About 50 billion XRP tokens are stored in a cryptographically secured "escrow" account, which makes it easier to track XRP reserves.

This is the way of proving mathematically how many XRP coins are released into circulation.

Fast transaction processing - transactions take up to 5 seconds to complete. 

On the other hand, banking transactions can take minutes or even hours.

Low fees - the cost of a successful transaction in the Ripple network is only 0.0001 XRP.

Ripple is a versatile exchange network. In addition to processing transactions via XRP, it can also be used for other fiat and cryptocurrencies.

Many financial institutions already use Ripple as a transaction platform. 

The more financial institutions start implementing the Ripple network, the value of the XRP token will increase.

The total amount of XRP tokens that can be in circulation is 100 billion. 

All 100 billion XRP coins have already been minted, which is why XRP can’t be mined. 

About 50 billion XRP coins have not been released into circulation. 

The new XRP tokens are gradually being released into circulation. 

The reason for this is to prevent XRP coins from flooding the market and consequently crashing their price.

Instead of mining, you can get XRP coins by exchanging them for another fiat or cryptocurrency. 

You can also find XRP in the Bitcoin Store offer.

The idea for Ripple first appeared in 2004 when Ryan Fugger launched the Ripple pay system. 

The real beginning of Ripple can be considered when Chris Larsen and Jed McCaleb took over the project in 2013.

On the Bitcoin Store platform, you can easily buy Ripple and more than 170 cryptocurrencies at the real-time exchange rate with the lowest fees.

First, you need to create and verify your account on the Bitcoin Store cryptocurrency trading platform to get full access.

After successful verification, you can deposit (EUR) to your Bitcoin Store Wallet.

Supported payment methods for deposit are:

Once we receive your payment, funds to purchase cryptocurrencies will be available on your Bitcoin Store Wallet, and you can start purchasing cryptocurrencies.

On the Bitcoin Store platform, you can easily sell more than 170 cryptocurrencies from our offer at the current exchange rate.

You can instantly sell cryptocurrencies that are stored on your Bitcoin Store Wallet.

Cryptocurrency stored on personal wallets such as Exodus, Trust Wallet, Ledger, Treasury, etc., or various trading platforms and must be transferred to your Bitcoin Store Wallet before selling.

Once the transfer is successful, you can sell your cryptocurrency. 

You can withdraw the funds directly to your bank account or keep them on your Bitcoin Store Wallet and use them for future cryptocurrency purchases.

You can buy and sell cryptocurrencies for cash in Bitcoin Store exchange offices in Zagreb, Rijeka, Osijek, and Split.

Verifying your identity via ID card is not required for all transactions up to 1000,00 EUR.

You can deposit cash directly to your Bitcoin Store account in the exchange office. 

The deposit amount will be visible immediately and ready for your next cryptocurrency purchase.

You can store Ripple in your digital wallet. 

When it comes to cryptocurrencies, digital wallets can be divided into 2 groups - Hot Wallets and Cold Wallets.

Hot wallets include:

Cold Wallets include:

You can also store XRP on your own Bitcoin Store Wallet. 

The access and storage of cryptocurrency are free for all users who register on the Bitcoin Store Platform.

On Bitcoin Store Wallet you can: