Top 10 Facts Cryptocurrency Investors Should Know About Ripple and XRP

As many of us already know, XRP is the digital currency that underlies the core framework of Ripple’s blockchain network. According to the Ripple Foundation, the aim of XRP is to gradually eliminate the need for financial institutions such as Banks, Paypal and other intermediaries so that payments can be facilitated all across the globe in a completely P2P, instantaneous fashion. With that being said, there are still a lot of investors and crypto enthusiasts who are confused about Ripple and what it actually offers.

Core Aspects of Ripple

Not Simply A Store Of Value

Unlike many of today’s premier digital assets such as Ethereum and Bitcoin, which people view primarily as being investment vehicles, Ripple is actually designed to facilitate payments as well as provide other financial services through the use of its real-time gross settlement system (RTGS) as well its native remittance network.

Clear Purpose

While many of the top-10 altcoins available in the market today are meant for specific purposes (eg: serve as the foundational base for various dApps), Ripple has been designed to help financial service providers facilitate voluminous monetary transactions in a completely streamlined manner.

Not Looking To Replace Traditional Fiat Assets

Contrary to popular belief, the Ripple Foundation has time and again said that the goal of XRP is not to replace conventional assets but instead allow for a smooth exchange of value across various countries in a seamless, hassle-free manner.

Makes Cross-Border Transactions Smoother

The core advantages of Ripple’s different payment systems is that they are faster and more reliable than most banking institutions. Not only are XRP transactions finalized instantaneously, even the costs associated with them are negligible.


Ripple’s blockchain ecosystem has been designed to prevent miscreants from easily accessing vital information stored within its native ledger. In addition to this, the Ripple Foundation has brought onboard an experienced team of devs who work tirelessly to maintain the integrity and security of the Ripple network at all times.


Another important facet of the platform that often goes ignored is its speed. As things stand, the Ripple network can process more than 2K transactions per second. This number is in stark contrast to that of Bitcoin, whose native network can only process around 7 transaction per second.


While efforts are currently being taken to scale up Ethereum in a sustainable fashion, Ripple already comes with a scalable framework that has a much higher TPS rate than many of its contemporaries.

Non Minable

One difference that really sets XRP apart from the rest of its rivals is that it cannot be mined. Instead, the entire token pool is owned by Ripple or other individuals who have a stake in the company.

While this may be a touchy subject that carries a lot of divided opinions with it, one has to agree that a non-mineable currency does have certain advantages to it (at least theoretically).

Real World Use-Cases

While a host of crypto projects look extremely good on paper, in terms of their real world implementations, they often fail to deliver the goods. In this regard, Ripple has already teamed up with a host of financial institutions such as UBS, Santander, MUFG, BBVA, SEB, Akbank, Axis Bank, SBI Remit, Cambridge Global Payments, Star One Credit Union, National Australia Bank, National Bank of Abu Dhabi so as to deliver a plethora of amazing remittance services (using its native transaction protocol).


One quick look at Coinmarketcap and we can see that Ripple is the world’s third largest cryptocurrency by total market capitalization. Not only that, XRP, the digital asset underlying Ripple’s monetary framework is being added to new crypto trading platforms on a near daily basis— thereby allow investors to acquire the token with relative ease.

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