How To Spend XRP

Ripple offers a very convenient alternative to Bitcoin despite the fact that it was the first crypto created and used as a payment option of online stores. The first reason is because of its transaction processing time. XRP has a transaction time of fewer than 10 seconds and a standard fee of 0.00001 XRP. Even if Ripple’s price is set to increase, the fee will still be extremely low and the low fees are paired with lightning-fast speed transactions which makes XRP the perfect choice.

Ripple also addresses another issue: volatility. If the coin supply is higher, this could lead to a much lower price for each coin. XRP has a max supply of 100 billion and this means lower prices for XRP but it also ensures lower volatility for a longer period of time. Even though the prices of XRP and other cryptos will rise, when the price stability is reached, the large coin supply of Ripple will generate lower volatility rates. Ripple can still be affected by the price changes or early-investors owning a huge part of the currency but the large supply lowers down the impacts on individual transactions.

XRP is the latest addition to the list of cryptocurrency payment options which enables the users to make purchases with the coin on online stores such as Google, eBay, and Amazon. XRP now enables users to buy products and services from more than 200,000 online shops and merchants. There are also plenty of gift cards that range from $25 to $500 in value and can be purchased on various sites as well. The gift cards can be purchased from e-commerce brands such as Starbucks, Amazon, Visa, and Walmart. Gift retailers are also available for purchase from Forever 21, American Eagle Outfitters and others.

In order to make such purchases, the buyers have to introduce the product’s name, URL of the site, listed price as well as the costs which are incurred by shipping. The users will have to choose which payment method will be used to pay the products as well as the checkout details. Other merchants that accept payments through XRP include, Torguard, The Bitcoin Store, PexPeppers, Upvotes Club and CoinHost. Here is also a list of other stores that accept XRP:

–          CryptoMercado- an organic coffee shop

–          DrApis Honey

–          Seasonal Diabetes

–          Mojave Café

–          Crypto Coffee

–          Crypto Dice

–          GameServers

–          Health&Beauty

–          ThaiBam

–          HempUSA

–          CoinHost

–          EarthVPN

–          TorGuardVPN

–          SNEL

–          The Bitcoin Store

–          Crypto Jeweler

–          Hotspicy Web Solutions Services

–          VapoShop

One of the biggest financial institutions and hedge funds have entered into a partnership with Ripple and started testing or using its technology to improve their remittance services. By providing fast transaction times without fees, Ripple offers its coin as a solution and it is backed by a long list of financial institutions and banks.