Ripple (XRP) is a value token tool used by banking institutions, payment facilitators and digital asset exchanges to settle their accounts across multiple currencies. In simple terms, Ripple works as a bridging currency between all currency types (Fiat and crypto, crypto to crypto and back to Fiat) and makes it easy to trade one for another in an astonishing 4 second turnaround time, anywhere in the world?
Unlike the other value tokens we offer, Ripple cannot be spent. When you buy into Ripple, you are buying into their technology and the potential growth it could offer its core users; banking institutions, payment facilitators and digital asset exchanges. Ripple is currently being used by more than 100 banks globally, including Westpac. If this wide early adoption is anything to go by, Ripple has a bright future in the currency world, digital and otherwise.
Token Room proudly offers this innovative digital asset, as its technology continues to ignite the interest of financial institutions across the globe.
To get started, you’ll need a Token Room account and a crypto wallet to securely store your currencies.
Ripple can be securely stored on our range of Ledger hardware wallets or on your choice of Software wallet. There’s some easy to follow set up guides here, however, if you need further assistance, we’re here to help.
You can find more information on wallets and cryptocurrencies via our FAQ.