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What is digital currency Ripple?

The ripple digital currency is one of the most important and famous virtual currencies in the world, and it occupies the third position in terms of liquidity, its liquidity is 228,936,429 US dollars, and it is known that it is produced by (OpenCoin), this company, which has raised its funds from Many companies and huge investors such as Google, Ventures, Anderson Horowitz, Lightspeed Venture Partners, and other huge and famous sources.


Ripple digital currency
Ripple digital currency

The first production of Ripple currency in 2013 was an amazing and strong start, it attracted many top Investors such as Google also reached the value of one XRP at $0.0065. The co-founder of OpenCoin (Chris Lars) confirmed that the presence of huge investors and the presence of a central company that supports this currency makes it stronger and serves the interests of investors more. He also stated that OpenCoin aims to obtain 25% of all XRP stocks, which is the last exchange and distribution site for the alternative currency.

What is digital currency Ripple?

There are many digital currencies with a simple cost, other than the famous currencies such as the expensive Bitcoin and Ethereum, which can be purchased for less than a dollar, and they have a great future and high investment opportunities, including Ripple.


What is digital currency Ripple?
What is digital currency Ripple?

Ripple: It is one of the digital currencies with a license price, which was launched in 2012 by an American institution in San Francisco, which can achieve a lot of growth and increase its price significantly, and it has become one of the digital currencies that are in great demand because of its inexpensive price, And its value during this period reached about 8 billion dollars.


Ripple is used in many commercial transactions in the electronic Serbian process, and it has been supported by 25 exchanges during this year, and it has been added to digital currencies, and it can be bought and invested like the rest of the monthly digital currencies, and the demand for Ripple currency will lead to further growth and increase in its value It is now the third-largest cryptocurrency after Ethereum and Bitcoin.


The Ripple currency is sold for less than a dollar, with a value of only $ 0.1934, and the reason for the weak purchase value is due to its large number, which is about 3,829,138,790 compared to 1,646,562 bitcoins and is used by more than 60 institutions in the world and many large companies.


Steps to get Ripple

  • You have to log in to the company’s platform, create an account and confirm the email to refer to the gatehub platform, which is characterized by super-protection, as you do protection through the google authenticator feature.
  • After the registration process for your account is completed, you must confirm its activation by sending a copy of your personal card or passport and a copy of a copy of a proof of your address such as a water bill or an electricity bill or a copy of your bank account statement. The address you sent is identical to the address on your ID.
  • Then your account will be activated within 24 hours.

ripple currency
Steps to get Ripple

Ripple's work style

The Ripple platform relies on fulfilling two purposes: an open-source payment network and a source for minting this new currency, XRB, and in turn as a payment network that secures Ripple in global payments for free or by using any other currency through the use of currency trading sites equipped with an open protocol that any developer can use as and Larsen has confirmed by literally saying, “The Ripple network is like HTTP for money, and users, merchants, and anyone can use it for free and without a license.” Users can exchange each of the dollar, yen, and euro currencies, and all these currencies enter into trading through a portal such as This portal is represented by a friend, for example, or a group. But if a hacker breaks into any of these portals, the user can easily move to the second (alternative) portal. The only currency that does not need to be entered into the Ripple platform through a portal is XRB, which is a feature of Bitcoin. You can also get Ripple currency and earn 50 units of Ripple as a gift if you register on the company’s website, and this is currently equal to 0.00055 satoshis, and you can exchange this currency for dollars, euros, or Bitcoin through the same site and for you By sending this currency to your safe after transferring it, you must confirm your account by entering your personal identity and address.


How to buy the Ripple process

Ripple is purchased in several ways. You should purchase it through Bitcoin, financial institution transfer, Ethereum, or Ethereum Classic, by clicking on Deposit.


– The first steps that must be taken to buy Ripple are to obtain a Ripple wallet, and obtaining a wallet that supports Ripple is not an easy thing, and the safe ways to store Ripple are electronic wallets such as Ledger Nano, and it is the only one that supports Ripple and many other digital currencies, as well. It can be stored via a digital wallet, and the best type is Ripex because it is the most common type of Ripple backing.


ripple digital currency
How to buy the Ripple process

The second step is to obtain the Ripple, and the currency can be purchased directly through one of the currency trading platforms through a bank card, or bank transfer, then the Ripple is transferred to the electronic wallet. Work on withdrawing your currencies to the electronic wallet, and in this way, you will get the Real Cola.

How to invest in the digital currency Ripple

– It is possible to invest in Ripple through banks only, as individuals can only invest in the Ripple Coin, so the first step of investment is to convert the Ripple to the Ripple Coin, which is considered a reserve currency for Ripple, as the more the process of trading in this currency increases, the higher its value in the market.


Thanks to the investment banking system, the value of Ripple increased from $.01 to nearly $0.2 during 2017, which is considered the lucky year for Ripple, as 15 banks operate on Ripple from the 50 largest banks around the world, and about 116 countries have added Ripple in their financial products.


ripple digital currency
How to invest in the digital currency Ripple

The future of Ripple

Ripple is one of the currencies that has met a lot of success during the past five years, during which many currencies appeared during this period appeared and then disappeared completely, so this currency is not among the failed currencies, it has increased in value recently and is still rising continuously, so it will be a good investment Buy some of this currency and wait a while, as it may double in value and become a hundred dollars or more in the coming years


Some experts have confirmed that Ripple is in rapid growth, that it may jump during the next ten years that the price of Ripple Coin will become at least $100 and that the volume of Ripple transactions will reach about 14 trillion dollars per day.


Ripple conversion

As for the method of converting Ripple to another virtual currency, such as the euro, bitcoin, or even Ethereum, it is by entering the exchange.



How to withdraw Ripple from the GitHub platform

Here, my dear ones, the method of withdrawing currency from the platform is in the same way as the deposit method, which is either by bank transfer or via Bitcoin or Ethereum and Ethereum Classic.


My dear readers, we hope that we have succeeded in this brief explanation of the Ripple currency and how it is handled, withdrawn, and invested.


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