Cryptocurrency you should know: XRP

Cryptocurrency you should know: XRP

When talking about cryptocurrencies, many people probably think of the popular coins like Bitcoin and Ethereum, but there is another interesting cryptocurrency, XRP. In this article, we will take you to know. With the XRP coin, what is it and how is it important?

What is XRP?

XRP is one of the cryptocurrencies. The money is used on the Ripple Net network owned by the financial services company Ripple. Especially when compared to Bitcoin. Because it focuses on payments and transfers of assets abroad, mainly requiring payment of fees that are not high and speed, including XRP, is not open for users to mine for verification. and record transaction information Instead, Unique Node List mode is used where only trusted users can be verified. thus making it centralized at one point

Ownership of XRP Coins

because of the coin XRP is different from other cryptocurrencies. Therefore, there is no coin mining like Bitcoin because it has a fixed amount of 100 billion coins, so if you want to own XRP coins, you have to buy coins with money only.

Ripple's attraction

- It only takes 3 - 5 seconds to pay. It is considered an amazing speed to transfer money abroad.

- Fees collected on transactions are low.

- Supports a wide range of assets Even assets that cannot be transferred by banks such as Digital currency or gold

- Gained a lot of credibility Because the world's leading financial institutions trust to use.

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