Ripple is a real-time online payment network created in 2012 by Jed McCaleb and developed by Ripple Labs, a San Francisco-based company. Designed as an open-source payment method, Ripple contains two primary products; a highly optimized cryptocurrency and a blockchain-based clearing system known as Ripple xCurrent.
Fundamentally, Ripple is a cryptocurrency payment option. Unlike most crypto payment methods, however, it utilizes a distributed payment system that makes it super-efficient. Although it shares many similarities with leading cryptocurrencies, it stands out for process payments made in:
- Fiat Currencies
- Valuable Items
- Reward Programs
Ripple is not anchored on a central intermediary and allows users to access the protocols independently, which is why it is super-efficient. In addition, unlike most crypto payment methods with a centralized system, Ripple offers unbeatable processing times that make payments in a couple of seconds.
Even though Ripple Lab’s currency is often marketed as the Ripple, its real name is ‘XRP.’ Ripple is among the most valued cryptocurrencies in the online gambling landscape. Moreover, its popularity amid current market fluctuations has remained upward since it maintains close links with mainstream financial institutions.
Ripple enjoys a global appeal in the online gaming landscape. However, suppose the current price gains are anything to go by. In that case, it is safe to say that XRP is highly popular among Asian crypto gamblers.