Ripple is an cryptocurrency that was released in 2012 and is often used for Ripple online casino payment options. A Ripple XRP casino will accept this type of currency from players in lieu of traditional payment methods. The concept of Ripple uses a common ledger that is managed by validating servers. The validating servers can be owned by individuals or banks. It’s different from Bitcoin in that it doesn’t need the proof-of-work that Bitcoin requires to function.
Benefits of Using Ripple XRP At A Ripple Online Casino
Using Ripple allows consumers or online casino players to get nearly instant transfers of money. It can be exchanged in any currency, including gold or airline miles. Transaction time isn’t the only benefit, however. There are fewer fees involved in using Ripple XRP, as well.
Ripple XRP vs Bitcoin
The main difference in Ripple XRP and Bitcoin is that Ripple is not blockchain-based like Bitcoin is. Instead, it’s a hashtree format. It’s widely accepted by banks and large companies, just as Bitcoin is. Today there are more and more Ripple XRP casinos getting on board with this payment method and some are even offering exclusive Ripple bonuses and promotions for players who choose to bank with this currency. Another main difference between Ripple XRP and Bitcoin is the speed of transactions. Ripple XRP can handle 1,500 transactions per second, while Bitcoin can handle only 3-6 transactions per second. Lastly, Ripple XRP isn’t mined, like most other currencies are. Thus, there are a limited amount (100 billion) of Ripple XRP coins.
How To Use Ripple XRP At Ripple XRP Casinos
When you find a Ripple XRP casino that you like and want to start using this type of cryptocurrency for your online casino adventures, the first thing you obviously need to do is acquire XRP coins. In order to do this, you must first register an account on a crypto-exchange. The official Ripple website shows a list of potential exchanges to choose from. After registering, access to the currency exchange will become available. You will then be able to choose the currency you want to deal with and the rate. The next step is to place an order to buy the XRP coins. After the coins are purchased, they can be sent directly to the Ripple XRP casino address and the player can start using it almost immediately.