Ripple is a blockchain-based startup that is different from most others as it is not a decentralized open ledger network but a centralized one with an aim that is not quite perfectly aligned with the aims of most other decentralized cryptocurrencies and cryptoassets available on the market today. Ripple unlike Bitcoin and other altcoins (such as Ethereum and Litecoin) is focused on complimenting the present financial industry and providing it with tools to deliver better and faster services - this is different from Bitcoin's quasi-unstated goal of uprooting and transforming the global financial landscape.
Ripple is a payment system which seeks to take international payments that banks regularly engage in out of the Dark Ages (where it can take up to 3 to 5 days for payments to clear) and to create a system built on modern technology and built for the 21st century. On the Ripple network, anything of value (including fiat currency, commodities, other cryptocurrencies, or even mobile credits) can be transferred from one corner of the earth to another in a matter of seconds in the form of tokens - all this in a secure and very inexpensive manner using Ripple token (eg. tokens that can be used on the Ripple network) called XRP.
Ripple vs. Bitcoin
Ripple is starkly different from most cryptocurrencies like Bitcoin and other altcoins. Some of these key differences include:
How to acquire XRP tokens?
Since the Ripple network is generally a private thing, mining is not currently an option for acquiring XRP tokens for use on the Ripple network. Instead, one has to purchase XRP token outright from an exchange - many reputable exchanges currently provide the ability to purchase XRP tokens.
Ripple is already making waves in the financial industry
Ripple is not just a concept - many large global financial and non-financial firms have already dived into Ripple (either actually using the Ripple network or researching how it can be used). Top global financial firms such as the following are already members of the Ripple network:
Although there's room to grow (the list of Ripple users is yet to add the largest and most complex global financial powerhouses), the current membership list for the Ripple network goes a long way towards demonstrating how effective Ripple is today and how powerful it can become in the future.
And now, given the rise of cyrptocurrencies and crypto assets to quasi-mainstream financial assets, we're dedicated to providing quality, relevant, and interesting material on cryptocurrencies and cryptoassets. Articles on Bitcoin, Ethereum, Ripple, Cardano, and many more cryptocurrencies and cryptoassets can be found on Pennies and Pounds - all that in addition to a plethora of information on what cryptoassets are, how the entire crypto industry came to be, blockchain/immutable ledge technology, mining, proof of work, proof of stake, and how to prudently invest in crypto if you are so inclined (based on your risk tolerance and ability to withstand the volatility that will come with a crypto portfolio).