Further on, the list of the top ten cryptocurrencies is the Ripple, which is symbolized by XRP. Ripple was able to dethrone Ethereum from the second-best coin position in the market a few years ago. Unfortunately, it could only maintain the achievement for just a few days before Ethereum got back on track. Ripple was launched in 2012 and is greatly helping to facilitate the transactions within the Ripple ecosystem. Ripple is not just a currency in the crypto industry. It is a payment settlement, a remittance system, an asset exchange, and lots more.
Ripple was built for the sole purpose of payments, and the facilitation of assets transfer through an ever-growing number of traders. When compared to the price of Bitcoin, Ethereum, and other cryptocurrencies, Ripple is by far the cheapest currency in the market. But that does not make the coin from being a valuable and promising currency. The users of Ripples are open to the use of the currency’s amazing products that include the RippleNET, XRapid, etc. Ripples services are now being considered and used by many traditional banking institutions, including the widely known Standard Charter and calyx. This is due to the payment speed and the stability of the technology being in use.
The XRP has contributed a good quota to the industry by enabling banks and payment providers to send money anywhere in the world via an advanced blockchain.
