Top 5 reasons to buy Ripple. Convert XRP to INR and get the price of Ripple in Indian cryptocurrency exchanges.
If you are new to the world of cryptocurrency or are planning to diversify your portfolio, then this article will help you understand why you should buy Ripple.
Before we get into any details, let us first understand a little history of the coin and its underlying functions. Unlike other decentralized coins, Ripple is backed by a centralized company – Ripple Labs that produces Ripple Transaction Protocol (RTXRP). This real-time payment system allows money to be exchanged between banks or individuals regardless of their banks or locations. Whereas XRP is a digital currency that helps you buy and sell Ripple and XRP operates within the RTXRP network. To check for Ripple XRP price in India, look for XRP to INR rate.
RTXRP acts like a tool that helps remit money in a simple, secured, and effortless fashion. That 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 why one should buy Ripple:
1. Fast Transaction Speeds And Low Transaction Costs
The biggest drawback of cryptocurrencies is high transaction fees, which makes buying and selling expensive. However, XRP coin charges a meager transaction fee that makes buying Ripple XRP a more feasible option for traders. Additionally, other cryptocurrencies such as Bitcoin have low transaction speed. Trading in them can be cumbersome and environmentally damaging. XRP to INR transaction fees are also moderate and suit many traders. Ripple networks can transact at a fast rate and process up to thousands of transactions in a second and save tons of carbon emission.
2. A Wide Use Case
In a world where other coins are trying to replace the banking system, Ripple XRP is working with the banks with RTXRP’S remittance features. It would be naive to assume that financial institutions such as banks will disappear going forward. Therefore, instead of replacing banking functions, Ripple XRP is trying to work with them. With its secured, quick, and easy settlement procedures, Ripple XRP is a favorite among 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 trust and security.
3. Strong Market Capitalization
XRP is a widely recognized coin. As of October 2021, the Ripple price in India is at INR 81. XRP to INR conversion is simple and is the same across exchanges. After Bitcoin and Ethereum, Ripple XRP has the third-largest market capitalization. With its strong history, new traders are more inclined to invest in trusted coins with a well-established market presence, such as that of XRP.
4. Strong Team Of Founders
Ripple XRP has a strong team of founders that have worked closely in the early days of Bitcoin. Industry veterans, CEO of Opencoin Chris Larsen and Jed Mcaleb founded Ripple. Each of them has a strong background in the technology world and has stood the test of time. In addition, in 2015, Ripple raised $55Million from venture capital companies, giving retail investors extra confidence to invest in a secured coin such as Ripple XRP.
5. Nominal Price Of Ripple XRP
Ripple price in India as of October 2021 is at an average price of INR 88-90. Whereas other alternative coins such as Bitcoin, Ethereum are expensive. For any investor who is looking to make sizable investments, Ripple XRP is an excellent option to invest in as its price is yet to unlock.
After reading the above article, if you wish to buy Ripple, then you can go to a registered cryptocurrency exchange such as ZebPay and use its secured wallet to transfer INR and can check for XRP price and invest in Ripple XRP to reap long-term gains or trade on it to get short-term gains.