An Introduction to Ripple XRP

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Information about An Introduction to Ripple XRP
Finance

Published on March 5, 2014

Author: Tradefast

Source: slideshare.net

Description

Complete guide to Ripple XRPs. Everything you want to know about Ripple XRPs is here. This emerging digital currency seems to be promising and can attract lots of users to enjoy reliable and safe trading. Get ready to “Send money to anyone, anywhere and in any currency.”Ripple is all set to please you.

An Introduction to Ripple XRP

What is virtual currency? • A virtual economy is an emergent economy existing in a virtual persistent world, usually exchanging virtual goods in the context of an Internet game. • Some examples are : Bitcoins, Litecoins etc

What is Ripple XRP ? • Ripple is an open source person-to-person payment network — a simple way for anyone in the world to send money to anyone else at practically no cost. • XRP is a math-based currency designed to work seamlessly with the Internet. Powered by a global network of computers, XRP is a fast, direct, and secure way to send payments on the web.

Why Ripple ? • Ripple is a decentralized but unified system • You can move money from system to system. Or you can keep it simple in Ripple. • Moving money into and out of Ripple is easy too

How it works?

How you can convert Bitcoins to XRPs?

Benefits as a Payment Protocol Any currency Global Final Fast Wire transfer cost $15 vs. $0.00003 on Ripple Protocol

Ripple XRP users Basic users Merchants Market Makers Gateways

Gateways (What they do?) • Issues local currency balances on Ripple • Balances can be transferred across the ledger without intermediaries • Earns fees as they wish

Summary • Ripple is emerging as a next promising virtual currency. • A simple way for anyone in the world to send money to anyone else at practically no cost. • While Ripple does not charge a typical fee for profit, each transaction does require a small portion of a ripple (equivalent to ~1/1000th of a cent) for security.

Contact us To know more about Ripple and to use XRPs, meet us at • Website : www.tradefast.me • Facebook: www.facebook.com/Tradefast • Twitter : www.twitter.com/tradefastripple

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