Ripple is a Cryptocurrency, the network powered by Custom (consensus mechanism based on original technology) algorithm. The original software was developed by Jed McCaleb from US and first released April 1st, 2013. Nowadays the cryptocurrency is managed by the Ripple Labs, Inc., an organization based in the US. Ripple is aiming to serve the Financial Service industry, among the other use cases. The official Ripple website is https://www.ripple.com.
As of today, December 3rd, 2022, out of totally available 99,989,199,669 XRP, 50,260,446,248 are in circulation. It's not possible to mine ripples. The total market capitalization of ripple is $19,870,372,221, the rank among other cryptocurrencies (based on the capitalization) is #7. The current rate of 1 XRP is $0.4 USD; converting to the national currency of Slovakia, the rate is 0.38 EUR for 1 XRP.
Ripple was designed to eliminate some weak points of the Bitcoin: reliance on centralized exchanges, mining process that consumes a lot of electricity and to perform money transfers much faster. Ripple payment protocol (RTXP) aims to build “secure, instant and almost free global money operations of any size without any chargebacks”. RTXP has such features as payments in any fiat, crypto, or virtual currency; XRP handles 1,500 transactions per second and can scale to 50,000+ per second (same as Visa). Contrary to common misconception, Ripple doesn't use Proof-of-Stake (as well as PoW), the XRP ledger uses its own consensus algorithm, called "Consensus". Unlike most (or even all) other algorithms, there are no rewards for confirming transactions in the Consensus mechanism.
Such network architecture, protocol features and other factors attracted attention from a number of banks and payment institutions. Ripple payment protocol is already used by the Earthport payment system (global money transfer operator specializing in cross-border payment), Euro Exim Bank in the United Kingdom, startups facilitating money transfers like SendFriend, Transpaygo, and various financial companies like FTCS, JNFX, etc. There is also a number of partnerships with important names in the financial industry announced: HSBC, Banca Santander, Standard Chartered Bank, the Mitsubishi UFJ Financial Group (MUFG), and others.
Ripple is currently supported by 100% of exchanges (1 of 1) currently having active orders at ExchangeRates.Pro: and 1 P2P Marketplaces have offers, allowing you to buy and sell XRP. Let's check and compare which of these exchanges will suit you the best, dear visitor!
Sorry, at the moment there are no active exchanges with live offers to buy/sell Ripple with fiat currencies in Slovakia. Our teams tries our best to add some ASAP!
Besides the abovelisted great exchanges, serving Slovakia and allowing domestic payments in Euro among other countries and currencies, there are also very good international ones among the websites exchanging ripples. Hence if you need EUR|XRP exchange, please use the top list above. In case you are looking for other ways to purchase or cash-out Ripple using USD, etc. or swap it with various coins and tokens, feel free to check this selection of top one highest-ranked XRP exchanges from all around the world:
By the way, exchanges that accept SK, but don't allow fiat payments there are also in this list. So, if you want to pay using a payment method from abroad (say, you are originally from another country and want to buy or sell ripple using the bank account or local payment system from there) or if you are looking for an exchange for someone else, this list will work great for you! Of course, we can't know what is that country you are looking for, but we have two options for you, both good. You are welcome to either
Are you looking for the best place to buy ripples? Of course, you are! Our price comparison of exchanges is here to help, although the easiest way is to check the best offers right away @ ExchangeRates.Pro, feel free to compare yourself. Let us show you what banks and payment systems you can use to buy and sell XRP, based on your location and preferences.
We've compared a lot of offers to find the top ones; right now we have 5 ways for you to purchase ripple available worldwide. Enough to choose from, right? Please keep in mind that not all of these may be possible to pay with Euro, the ones that will surely be good for the domestic currency are a little bit above. The top popular ways to purchase XRP crypto:
Even the greatest XRP HODL GANG members sometimes have to sell some of their precious coins. It's alright, everyone does it sometimes and we are here to help! We know you want to find the buyer which will give you the highest price, there are such ones at our platform — check ExchangeRates.Pro now to find the highest rate to sell ripples to Euro and 152 more local currencies! There are various opportunities to swap your coins to hard cash, we list the most requested ones below.
Sometimes you may need to transfer the money to another country. If you are holding XRP, it makes sense to exchange some of these coins to the currency of that country. We can't know where exactly you would like to send the funds, so we will show you the most requested banks and payment systems worldwide you can send the transfer to. There are totally 5 options to out-exchange the xrp to fiat; the most frequently used banks, money transfer operators and global payment systems are:
Did you know that it's possible to exchange XRP to 48 other cryptocurrencies? It's possible to convert Ripple to/from 98% of crypto coins supported @ ExchangeRates.Pro. Some of these are really great ones (we don't list useless coins and tokens at our website), that's why we've prepared a list of exchange opportunities available. There are totally 194 swap possibilities with XRP and other coins and tokens. Coin to coin exchanges are safe, easy and beneficial when you are using our service, don't worry! Feel free to get all the best rates to swap XRP with other cryptos @ ExchangeRates.Pro right away or refer to the list of most highly demanded exchange directions first: