Ripple (XRP) is a peer-to-peer powered cryptocurrency designed to work seamlessly with the Internet to allow a fast, direct and secure way to send payments on the web. Ripple is a system of the real time gross settlements (RTGS), currency exchange and money transfer system. Another name is Ripple transaction protocol (RTXP), or Ripple protocol.
It is built upon a distributed open Internet protocol, consensus ledger and its own currency called XRP. Released in 2012, Ripple purports to enable “secure, instantly and nearly free global financial transactions of any size with no chargebacks.” It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes.
Features of Ripple
- Scalable digital asset
- Fast and Reliable cross-border payments
- Easy to buy
Some common issues of Ripple, We fix-
- Transaction error.
- Unable to send a Ripple.
- Users address error.
- Two-factor authentication failed.
- Connectivity error
- Unable to buy XRP
- Wallet issues
- Server connection issues.
- Unable to cash Ripple
- Unable to deposit and withdraw USD.
- Wallet balance doesn’t show.
- Unable to mine Ripple.
- Unable to send Ripple from my account.
- Trouble signing in on Ripple.com
- Unable to receive a Ripple.
- Ripple hacking issue.
- Unable to sell and buy Ripple.
- Password reset.
Pros and cons of Ripple
- Fast transactions
- Ripple is ideal for early adopters
- Cheap as compare to Bitcoin
- No guarantee of long run
- Their servers are very bad
- Sending and receiving Ripple sometime takes a lot of time
Ripple doesn’t have a technical support number. You can search your problems or issues to their help forum and community sites.
Ripple was first implemented in 2004 by Ryan Fugger, a Web developer in Vancouver, B.C., Canada. In 2005, Fugger began to build Ripplepay as a financial service to provide secure payment options to members of an online community via a global network. On the basis of this protocol, a new digital currency system appeared in May 2011, for which its own crypto currency XRP was issued. This led to the development of a new Ripple system in 2011 by Jed McCaleb. It was designed to eliminate Bitcoin’s reliance on centralized exchanges, use less electricity than Bitcoin, and perform transactions much more quickly than Bitcoin.
The Ripple protocol was launched in 2012, its main goal is to ensure “secure, instant and almost free global money operations of any size without any chargebacks”.