Ripple labs owns the Ripple Net payment transaction systems and owns the ripple currency. The primary objective is to upgrade the financial transaction for banks and for other larger financial institutions. Ripple Net is a faster, affordable and adaptable payment system. XRP stands for ripple currency and it is used in its payment network. Ripple was launched in 2012, since then it has frog leaped other crypto currencies and has come on the top three by global market share next to bitcoin and ethereum. What makes ripple unique is the way it differs from bitcoin, while bitcoin is based on blockchain and mining is required, it is quite slow, while ripple system technically works on its own platform and carries out payment transactions at lightning speed. You can buy ripple with usd in cryptocurrency exchanges. However, ask yourself whether investing in ripple?
Let us briefly analyse the pros and cons of investing in Ripple. Continue reading