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A Ripple at Wirex

July 23, 2018 7:00 am Published by

Introducing the Ripple wallet! You can now buy, sell, exchange and deposit Ripple (XRP) using the Wirex App. We’re the only digital money platform that lets you exchange and spend Ripple like traditional currency – in-store and online.

Update your Wirex app now and start using the XRP wallet straight away.

What is Ripple?

Ripple (XRP) is a popular altcoin. Launched in 2012 by Ripple Labs, the original protocol was conceived by two of the most influential names in the crypto sphere: Jed McCaleb and Chris Larson. Their vision was to “do for money what the internet has done for information”. Ripple Labs hoped to enable users to break free from the constraints of traditional financial institutions.

Ripple vs. Bitcoin

Like Bitcoin, Ripple is both a P2P payment network and an altcoin. The platform and protocol are known as Ripple, while the payment token is XRP. Unlike Bitcoin, Ripple is a closed blockchain ecosystem – only trusted parties are authorised to operate its nodes. This allows users to make fast, low-cost, global payments by converting one currency to another. When Ripple launched, a finite number of coins were created and even fewer released. The network champions transparency, providing traders with all the necessary information they need to make informed investments. Unlike competing cryptos, Ripple has been adopted for internal remittance by many financial institutions – a sure sign of the protocol’s versatility and reliability. Ripple emphasises the importance of digital security to prevent the production of counterfeit coins.

Ripple has gained a reputation as a cheap and stable altcoin. While the value of most cryptocurrencies is influenced by the oscillations of Bitcoin, Ripple is independent of the Bitcoin blockchain. It has grown considerably in value – with larger gains than Dash, Ethereum and Litecoin combined, XRP was the best performing altcoin in 2017.

Ripple at Wirex

Here’s what you can do with the new XRP wallet:

  • Easily convert XRP to fiat and spend with your Wirex card*
  • Buy, sell, exchange and deposit XRP in-app
  • Link the wallet to your debit or credit card
  • Exchange 50 supported altcoins with XRP
  • Exchange between USD, GBP, EUR, BTC and LTC*
  • Enjoy free crypto transactions between Wirex users

*Only available to EEA users

 Full access to the innovative features on the Wirex app is only available to verified EEA users – so, if you want to enjoy the benefits, get verified now. It only takes two minutes; all we need is proof of ID and a selfie.

New to Wirex? Download the app for free from the App Store or Google Play.

 

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