Steemit Crypto Academy | Season 2: Altcoins – Part1 "Looking beyond the Bitcoin" by @humble1

in SteemitCryptoAcademy3 years ago

Hello sir,


what is Ripple XRP

to my understanding it is also a kind crypto currencies which was designed for the on the Ripples network to help to transferr money between the buyer and the merchant who maybe using different currencies.
ripple net is an american technology company which was created to be platform that banks and some finacial institutions uses to be able to transfer XRP faster and also internationally at a lower cost or price.Banks, payees and merchants will also be able to transfer any local currencies to XRP at the same time can also send coins to a local gateway and tansfer XRP back to the merchants accepted currency.
this helps the banks who dont have the direct relatationship with the foreign institution to reduce fees that is when they are all on the Ripple network


UNDERSTANDING THE RIPPLE

all major crypocurrencies which where peaked in 2018. it has the value of one XRP which has reached 3.65 dollar. in 2020 XRP lost more than 90% of it value as compare to the value from it 2018 which was after a good start and this was one of the worst performers as compared to other digital currentcy in 2019. the price of XRP was around 19 cents per a token in june 2020


WHAT ARE THE BENEFITS OF RIPPLE


HOW DOES AN INVESTOR BUY RIPPLE?

As compare to other cryptocurrencies, XRP appear on several diffent exchanges.here is how you can buy XRP . you can by XRP with Bank tranfer and also you can buy it with your credit card

with the bank transfer you have to try and buy a stablecoins which must be listed on the binance by wiring money from the bank account to the providers of these coins. when you now buy the the stablecoins you will now then use the stable coins to buy the XRP on the binance exchange.

Also with the CREDIT CARD it is very easy to buy it becouse you can just purchase XRP with your credit card on the binance.you use debit card to buy or credit card as while


what is the diffrent between bitcoin and ripple?

there is a very big difference between bitcoin and ripple thus we all know bitcoin is a digital currency which is planed as a means of payment for the goods and services whiles ripple is the payment settling which is mostly intended for banks and payment networks. this helps to provide a direct transfer assets like money that may settle in most real times and it more cheaper to transfer the system use by the banks today



FINAL PART

finally ripple as distributed consensus ledge of cryptocurrency provides you a stability and give you the confidence that the businesses are requiring for during transaction. Ripple is used over the years of quarantes investers as well as assurance during your transaction. to your noties ripple can be explained as the financail revolution which can now and may change the way things than by the investers business.

thank you so much for your hard work am really grateful for joining your class may the Almighty be with us for the rest of the weeks and all the proffesors for thier hard work.


thank you
@yohan2on

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Hi @humble1

Thanks for your participation in the Steemit Crypto Academy

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