Ripple / XRP is one of the most talked about currencies right now, with many traders and investors debating this year’s excellent returns. While the system was designed to make global transfers easier, it’s growing in popularity for an entirely different reason: its environmental friendliness.

What is Ripple (XRP)?

Ripple can be used to process international transactions. Ripple acts as a trusted agent between two parties in a transaction. The network can quickly verify that the exchange has completed properly. Ripple is able to facilitate exchanges between fiat currencies and cryptocurrencies like bitcoin and gold.

Ripple was created from the start to use SWIFT. to replace [a major money transfer network] or to replace the settlement layer between financial institutions.

The network charges a fee for every transaction made through the network’s services.

Energy consumption of XRP vs. BTC

As the world becomes more focused on getting greener and reducing its environmental impact on the world, both traders and investors are looking for more ways to invest in and support green investments. That includes cryptocurrency, where enthusiasts are looking for greener currencies.

Where does the mighty Bitcoin, abbreviated as BTC, stand on this eco-scale? Terrible, to say the least. Bitcoin uses around 707 kWh to produce 1 BTC coin. Since most of the world’s electricity is not produced in an environmentally friendly way, the currency is not durable.

So where does the popular coin ripple (XRP) come in? very good! The digital currency has been called one of the most energy efficient currencies around, with 1 XRP requiring 0.0079 kWh to produce. Much more environmentally friendly than Bitcoin.

How do I buy XRP?

The two best places to buy XRP / Ripple are through a trading broker or an exchange. An exchange is great for users who want to buy and hold the currency while a broker is great for people who want to try and get a return on XRP. Returns can certainly be achieved with the currency, as the return has been around 400% since the beginning of the year.

Whenever you are looking for an exchange or trading broker, you need to do a thorough research to ensure that the exchange and brokers are licensed, secure, and not a scam. Read our stock market reviews and broker reviews.

Although Ripple is not as well known as Bitcoin, its eco-friendliness and system support make it cheap for future growth. Many experts predict that the currency will become one of the most popular due to its safety, ease of use and environmental friendliness.

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