Ripple the cost to transfer money from all over the world
Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company.
Move Money to All Corners of the World
Discover why hundreds of financial institutions choose RippleNet to provide a better payments experience and enable greater economic opportunity for everyone, everywhere.
What can I do with Ripple (XRP)?
Ripple (XRP) is positioned to function both as an institutional as well as consumer or retail cryptocurrency. Currently, you can do the following with Ripple (XRP):
- Currency exchange:Rather than having to convert currency 1 to USD and then on to currency 2, Ripple XRP would be the intermediate currency.
- International transactionsSince it takes seconds to move Ripple (XRP) across international borders, one key use of Ripple (XRP) is to be the currency for banks to transact
- PaymentLike Bitcoin, you can choose to accept Ripple (XRP) as currency. So whether you are running an estore or are a freelancer, you can choose to be paid in Ripple (XRP)
- InvestmentLike investing in Bitcoin or Ethereum, you can buy Ripple (XRP) and wait for it to appreciate in value. When Ripple (XRP) launched in 2013, you could buy it for around $0.01. At the time of writing, it is worth $0.60. If you had invested just $1,500 then, it would now be worth $90,000!