الجمعة، 4 سبتمبر 2020

What is Ripple?

 The digital currency Ripple is one of the most important and most famous of the current digital currencies in the world. The “Open Coin” company headed by co-founder Chris Larsen produced this digital currency in 2013, and has collected a large number of funds from some major investors and some international companies ; As "Chris Larsen" explained that this central company serves the interests of users regarding the currency and that the company is on its way to obtain 25 percent of all the quantities that exist at exchange sites and the alternative distribution of currencies.

Today, we will learn about that currency, its importance, how to benefit from it and its mining, as well as extract its portfolio, and how can you buy it?


The slogan of the Ripple currency is (XRP), an open source payments system, which is to enable people to break free from the constraints of financial networks, such as credit cards, banks, PayPal and other institutions that restrict access to funds by paying fees, in addition to currency exchange fees and delays.

What does this network offer?

According to the Ripple-based company, this digital currency aims to keep money flowing freely, build a decentralized digital currency on the approach set by Bitcoin, and do so for money as the advent of the internet has done with all forms of information before.


Today's payment systems are what e-mail was like in the early 1980s, each provider built their own system for their customers, because if people used different systems they would be able to easily interact with each other. This is why the coin network is designed to link the different payment systems together.

David SchwartzFounder of Ripple


Schwartz also predicts the possibility of seeing "large companies lose their control over the flow of money from other people just as they lost control over the flow of information after the advent of the Internet."

Ripple Wallet
Ripple wallets are similar to Bitcoin wallets, both of which require a security key to perform transactions but with Ripple there must be a minimum of 20 (XRB) wallet in wallet. Like other cryptocurrencies, there are different types, including software wallets and portable wallets, available for Android and iOS devices, and standalone wallets are preferred, because they are safe because they store information away from the Internet.

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