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What are the advantages and disadvantages of Ripple Here’s the easiest way to buy Ripple!

XRP is a great way for investors to diversify their cryptocurrency portfolio by having a mix of centralized and decentralized assets. In this article you will learn about the easiest way to buy Ripple. Check out why people invest in XRP?

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What are the advantages and disadvantages of Ripple Here’s the easiest way to buy Ripple!

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  1. What are the advantages and disadvantages of Ripple? Here’s the easiest way to buy Ripple!

  2. XRP is a great way for investors to diversify their cryptocurrency portfolio by having a mix of centralized and decentralized assets. In this article you will learn about the easiest way to buy Ripple. Check out why people invest in XRP? • 1.Ripple is a for-profit business with an incentive to increase the value of XRP.2. Gives exposure to blockchain technology while staying in the traditionally centralized world of finance.3. Offers cheaper fees.

  3. Some investors view Ripple as a perfect happy medium between investing in riskier projects that don’t have a true leader and a project that at least in part functions like a proper company. Here are some advantages and disadvantages of Ripple.

  4. Ripple Advantages • Fast settlement. Transaction confirmations are incredibly fast. They generally take four to five seconds, compared to the days it may take banks to complete a wire transfer or the minutes or potentially hours it takes for Bitcoin transactions to be verified. • Very low fees. The cost to complete a transaction on the Ripple network is just 0.0001 XRP, a small fraction of a penny at current rates.

  5. Versatile exchange network. The Ripple network not only processes transactions using XRP, but it can also be used for other fiat currencies, cryptocurrencies and commodities.Used by large financial institutions. Large enterprises can also use Ripple as a transaction platform. Santandar, Axis Bank and Yes Bank are a few using this network, demonstrating it already has larger institutional market adoption than most cryptocurrencies.

  6. Ripple DisadvantagesSomewhat centralized. One of the reasons that cryptocurrencies became popular is that they were decentralized, taking control away from large banks and governments. The Ripple system can be somewhat centralized because of its default list of validators, which goes against this philosophy.

  7. Large pre-mined XRP supply. Though most of the Ripple supply not held in circulation is stored in escrow, it’s possible large quantities may get introduced at inopportune times, which could impact XRP’s value.Recent SEC action against XRP. In 2020, the SEC filed a lawsuit against Ripple, saying that since it can decide when to release XRP, the company should have registered it as a security. Until this gets resolved, it could slow down institutional use of this system. Several exchanges have also stopped listing XRP as a result.

  8. How You Can Use Ripple and XRPYou can use XRP like any other digital currency, either for transactions or as a potential investment. You could also use the Ripple network to process other types of transactions, like exchanging currencies.

  9. How to buy Ethereum in CanadaNetcoins?1. Create an AccountProvide some personal details and get verified in minutes through our automated KYC process.2. FundFund your account with a cryptocurrency deposit, Interac e-Transfer, online bill payment or bank wire transfer.

  10. 3. Start TradingBuy and sell as little as $10, or up to $10 million with no slippage due to our deep liquidity.SOURCE CREDIT: https://medium.com/@bitcoinwalletcanada/what-are-the-advantages-and-disadvantages-of-ripple-heres-the-easiest-way-to-buy-ripple-aeebfdd2625a

  11. THANK YOU FOR WATCHING

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