Buy Ripple in India

The currency that is utilized by the network, XRP, unlike other cryptocurrencies, does not discriminate between fiat and cryptocurrencies and hence acts as a bridge between multiple currencies. This allows users of the platform to easily conduct transactions without having to go through the hassle of converting their currency. This means that if a provider wants to be compensated in the form of Bitcoins, the client does not have to convert his currency into Bitcoin in order to complete the transaction. Although the risk involved in the Gateway system is quite evident as there is always a chance of users getting exposed to counterparty risk. If the gateway that is being utilized by the user does not honor its IOU, the user could lose the value of their money which is held at the gateway. In order to avoid such situations, users have the choice to make their transactions through trusted gateways, which in turn deals with untrusted gateways.

Ripple mining is different from other cryptocurrency mining. The only people who can mine XRP are the ones who invented it. There are only 100 billion XRP in circulation right now, and each transaction burns the XRP coin used, preventing it from being used in future transactions. XRP currencies will be gradually reduced or their value will rise as more individuals join and use the Ripple network.

Ripple's basic procedure is a payment settlement asset exchange and remittance system, comparable to the SWIFT system for international money and security transfers, which is utilized by banks and financial intermediaries. The cryptocurrency's token is premined and trades under the ticker sign XRP.

The network also keeps track of all the IOUs in a given currency. The transactions and the cash flow that occur between Ripple wallets are publicly available on the Ripple consensus ledger. While the transactions are revealed to the public, it cannot be traced back to the ID of the individual or business organization. However, this procedure makes the network susceptible to de-anonymization measures.

Since the Ripple network does not rely on the Blockchain network and instead utilizes a consensus mechanism that involves multiple network servers from all over the world. This highly decentralized form of the network provides the platform with almost instantaneous transaction confirmations without the presence of a central authority while maintaining the reliability of the network. This gives Ripple an upper ground as compared to its competitors in the cryptocurrency field. Another notable fact about the Ripple network is its tendency to consume almost negligible power for its operation. This due to the fact that the Ripple network doesn’t rely on mining for its operation, unlike other cryptocurrency giants like Bitcoin and Ethereum.

It's also worth investing in XRP because it's not only a wise choice in the cryptocurrency space because of its differences, but it's also a coin that's now on the cheap. This indicates that there is still room for it to rise higher and reclaim the $1 level.

Since XRP coins cannot be mined, the only other way to buy XRP coins is by buying or exchanging them on cryptocurrency exchange platforms using either fiat currency or cryptocurrency. Unlike most cryptocurrencies, Ripple’s price is quite stable. In order to know the exact value of XRP coin, cryptocurrency exchange platforms usually come with an XRP to INR converter in order to know the Ripple price in INR. the current XRP value stands at 13.19 INR per coin.

You can start investing in XRP with a small amount of Rs 100 on BuyUcoin.