How To Buy XRP (Ripple) – Forbes Advisor Canada

XRP is a payments network that is designed to serve the financial services industry. It’s a relatively popular crypto—and it consistently lists among the top 10 cryptocurrencies by market capitalization.

Designed to make payment transactions faster and cheaper, XRP settles payments at a fraction of the cost of traditional methods. XRP is one of the more ambitious cryptocurrencies aimed at revolutionizing global payment systems and the digital economy.

While Bitcoin transactions can take minutes or more than an hour, the advantage of XRP is that its transactions are confirmed every three to five seconds.

For those of you who are new to XRP, don’t let the interchangeability of references to Ripple and XRP confuse you. Ripple is the company behind XRP, and it has undergone several rebranding efforts over the past few years—initially launched under the name OpenCoin in 2012, it changed to Ripple Labs in 2013 before settling on Ripple in late 2015.

XRP in the Digital Economy

Ripple claims its payments network will usher in a “new global finance era.” Its products are used for payments and asset exchanges, similar to SWIFT, which provides…

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