Ripple is a distributed blockchain-based payment settlement network that aims to connect banks, payment providers, digital asset exchanges, and other corporations through cross-border payments. XRP, the token provided on the Ripple network, enables banks to source liquidity for cross-border payments without the traditional banking and transaction fees. In addition, it can be used to exchange and transfer over 30 different currencies whilst settling payments in a matter of seconds, as opposed to the typical 3-5 business days offered by banks and corporations.
- Transactions are settled within 4-5 seconds.
- Extremely low transaction fees (1/1000th of a cent).
- Scalable (handles 50,000 transactions per second).
- Many partnerships with banks/corporations (i.e. MoneyGram, Saudi Central Bank, etc.).
- XRP is not mineable.
Where/How to buy:
Ripple can be purchased with Canadian Dollars and/or other supported cryptocurrencies on our exchange. Refer to the Getting Started section to learn about buying and selling cryptocurrencies on the NDAX platform.
Ripple can be stored on our exchange and on several wallets, including the Ledger Nano S and the Toast Wallet.