10 Dec

XRP Gamlbing Online – Ripple Review

Review of Ripple Crypto: History, exchange data and betting with XRP.

Review of Ripple Crypto: History, exchange data and betting with XRP.Ripple (XRP) refers to both a cryptocurrency and a crypto trading platform, where Ripple is the platform, and XRP is the coin. Its open-source protocol provides users with quick, secure, cost-effective transactions on a digital plane that transcends traditionally centralized fiat currency. Unlike most cryptos, Ripple was created by a private, for-profit company; one that serves hundreds of financial institutions all over the world (i.e. RippleNet). Its creators entered the market with the goal of bridging the gap between fiat and crypto.

Ripple Crypto Review

XRP is the cryptocurrency engine that drives the Ripple network. All transactions that take place on the network are performed in XRP; a mediator of sorts between the digitized Ripple Ecosystem and the physical world of fiat financing. Specifically, it makes it possible to transfer large sums of money internationally (millions, if not billions), with fees reduced from several thousand dollars, to mere cents. Such capabilities may not be of practical use to the average Bitcoin casino gambler, but for high-rollers, it can be invaluable.

That value is mirrored in XRP’s steady rate of growth over the last decade. See the crypto’s time-stamp values below to track its growth rate over time, then scroll down to learn more about the history of XRP, where to buy it, and which crypto casinos offer XRP betting.

XRP Launch Date
October 7, 2011
Value at Launch
$0.00587384
Jan 1, 2020
$0.192556
July 1, 2020
$0.176740
Dec 1, 2020
$0.624912
Note: All price values are listed in US$.

History of Ripple Cryptocurrency

Ripple is a for-profit company responsible for developing the Ripple Consensus Ledger (i.e. the Ripple Blockchain), and the XRP crypto coin that powers it.  Ripple Labs (formerly Opencoin) was founded by Chris Larsen, co-founder of online mortgage lender F-loan, and Jed McCaleb, co-founder of Mt. Gox. It’s worth noting that McCaleb sold his shares in Mt. Gox before the 2011 hacker scandal that sent BTC into a tailspin.

Ripple Labs produced the financial network known as RippleNet, made up of more than 300 financial institutions across 40+ countries, including such big-wigs as Bank of America, Royal Bank of Canada, SBI Holdings, MoneyGram, and many others. These institutions regularly transmit massive sums of money internationally. RippleNet allows them to convert those funds to XRP, transfer them for nominal fees of a few cents, then convert them back to fiat money upon arrival.

With the world’s largest financial institutions so heavily invested in Ripple and XRP, the continued success of the company is hard to question.  

Where to Buy & Store XRP Coins

XRP Ripple Altcoin CryptoAs one of the most successful cryptos of all time, XRP can be purchased on any distinguished crypto exchange platform; Binance, Coinbase, Kucoin, etc. Some exchanges, like Binance, require you to purchase their native currency first, then exchange it for XRP. The benefit of doing so is usually a commission rate far lower than  rival exchanges. Using the native Binance Coin will net you a discounted rate as low as 0.05% in commission fees. From there, you can transfer your XRP to just about any digital wallet for safe keeping.

XRP Online Casinos

Being one of the highest ranked cryptos on the planet, you would expect Ripple to be an A-list payment method, accepted at all the major crypto casinos. That’s actually not the case, probably due to it being associated with so many centralized financial institutions. Having personally researched and accessed a plethora of crypto online gambling sites, I can recommend the following XRP online casinos:

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