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XRP is a cryptocurrency developed by Ripple, a company that runs its eponymous crypto coin on the XRP blockchain. The goal is to improve the current payment system, by decreasing transaction costs and increasing the speed of transaction processes.
MoreXRP acts as a "bridge currency," helping financial institutions execute efficient cross-border transactions without relying on traditional, slow, and expensive correspondent banks. This way, Ripple mainly wants to improve the current payment system, and does so by using XRP as a common currency.
MoreYou can buy XRP on a crypto exchange like Coinmerce. Here you can also keep an eye on the XRP price, so that you can buy XRP for the right price.
MoreYou want to buy XRP? You can buy XRP using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see XRP, use the search function to search for XRP and click on the name. You can indicate for how many euros you want to buy XRP in the right window. Below is shown how much XRP you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Trigger order" at Coinmerce. Our system will automatically buy XRP when the price of XRP reaches your entered value. You can also execute a repeating order. Do you want to buy XRP with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive XRP. How To Buy Ripple using Coinmerce.
XRP (XRP) is considered the third-largest cryptocurrency when it comes to market capitalization. The company Ripple Labs is working hard to improve the current payment system. This is also the biggest difference between XRP and a cryptocurrency like Bitcoin, which is only intended for the execution of a transaction. They do this by working closely with banks and other financial institutions to transfer the trust that banks have to Ripple. Everyone still benefits from the decentralization that blockchain offers. An XRP transaction is processed within 3 seconds and has very low transaction costs. This can make it much cheaper to execute a transaction in XRP than when a transaction is executed between two different currencies (euro and dollar). And that is exactly what Ripple Labs wants to improve with the crypto coin XRP (XRP).