Top 5 reasons to buy Ripple. Convert XRP to INR and get Ripple price in Indian cryptocurrency exchanges.
If you are new to the world of cryptocurrencies or considering diversifying your portfolio, then this article will help you understand why you should buy Ripple.
Before we get into the details, let’s first understand a bit about the history of the coin and its underlying functions. Unlike other decentralized currencies, Ripple is backed by a centralized company – Ripple Labs – which produces the Ripple Transaction Protocol (RTXRP). This real-time payment system allows money to be exchanged between banks or individuals regardless of their banks or locations. While XRP is a digital currency that allows buying and selling Ripple and XRP operates within the RTXRP network. To check the price of Ripple XRP in India, look for the XRP rate in INR.
RTXRP acts as a tool that helps transfer money in an easy, secure and effortless way. This gives buying Ripple (XRP) coins immense credibility in a market where millions of coins have no substantial underlying function.
Without further ado, here are the top 5 reasons to buy Ripple:
1. Fast transaction speed and low transaction costs
The biggest disadvantage of cryptocurrencies is the high transaction cost, which makes it expensive to buy and sell. However, the XRP coin charges meager transaction fees which makes buying Ripple XRP a more feasible option for traders. Also, other cryptocurrencies such as bitcoin have low transaction speed. Read also: NFT: 5 ways brands can improve their NFT knowledge. Trade in these can be cumbersome and environmentally damaging. XRP to INR transaction fees are also moderate and suitable for many traders. Ripple networks can transact at a rapid pace and process up to thousands of transactions in a second and save tons of carbon emissions.
2. A broad use case
In a world where other currencies are trying to replace the banking system, Ripple XRP works with banks through the remittance capabilities of RTXRP. It would be naive to think that financial institutions such as banks will disappear in the future. Therefore, instead of replacing banking functions, Ripple XRP tries to work with them. See also: Buy Plug Power Stock (NASDAQ:PLUG): The company has enough time to realize its growth plan. With its secure, fast and easy settlement procedures, Ripple XRP is the favorite of several banks. Banks that have already adopted Ripple are Axis Bank, Yes Bank, SBI Remit, MUFG, BBVA, SEB, Cambridge Global Payments, Star One Credit Union. For investors, this is a great sign of confidence and security.
3. Strong market capitalization
XRP is a widely recognized coin. In October 2021, the price of Ripple in India was INR 81. Converting from XRP to INR is simple and is the same on all exchanges. Read also: Buy Covivio share (EPA:COV): Has the price jumped 3.1% this week?. After Bitcoin and Ethereum, Ripple XRP has the third largest market capitalization. Thanks to its solid history, new traders are more inclined to invest in trusted coins with an established market presence, such as XRP.
4. A solid team of founders
Ripple XRP has a strong team of founders who worked closely together in the early days of bitcoin. Industry veterans Opencoin CEO Chris Larsen and Jed Mcaleb founded Ripple. Each of them has a solid background in the world of technology and has stood the test of time. Additionally, in 2015, Ripple raised $55 million from societys of venture capital, which gives retail investors extra confidence to invest in a secure coin like Ripple XRP.
5. Nominal price of Ripple XRP
The price of Ripple in India in October 2021 is at an average price of INR 88-90. While other alternative currencies like Bitcoin, Ethereum are expensive. For any investor looking to make significant investments, Ripple XRP is a great option to invest in as its price is yet to be unlocked.
After reading the above article, if you want to buy Ripple, then you can go to a registered cryptocurrency exchange such as ZebPay and use their secure wallet to transfer INR and can check the XRP price and invest in Ripple XRP to reap long-term gains or trade it for short-term gains.
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