Ripple was invented in 2004 by Ryan Fugger. He developed the first prototype of Ripple as a decentralized money system called RipplePay. This system came online in 2005 and aimed to create a secure, global payment network. In 2012, Fugger handed over the project to Jed McCaleb and Chris Larsen. Together they founded the American technology company OpenCoin. From that moment on Ripple was further developed as a protocol for banks and other financial institutions. In 2013, OpenCoin was renamed Ripple Labs and then, in 2015, Ripple
In short: Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network. The currency used on the Ripple Network is called The Ripple Protocol, the token is represented as XRP. You can buy XRP with low fees at multiple exchanges, our favorite Ripple broker is Bitvavo. An Amsterdam based safe cryptocurrency exchange..
The easiest way to buy Ripple fast, with extremely low fees is at Bitvavo. Follow the steps below to get XRP at a very cheap rate.
- Go to the official Bitvavo exchange
- Sign up for free
- Transfer euro’s, pound or any other available fiat currency to your account. Bitvavo does not charge transfer fees for Euro deposits.
- Press “Buy Ripple” in your account and follow the steps
- Verify your identity if you want to buy XRP without limits. Your account can be verified very fast. This is one of the fastest crypto brokers with verifying your account.
Fast XRP buy (no limits)
Ripple price charts and price history
The price from Ripple (XRP) to USD was originally fairly stable. In May 2017, the price started to rise and fluctuate. It later experienced a significant increase and reached its historic high at 3.84 USD on January 4, 2018. And then it saw a significant decline while it varied widely.
Ripple circulated a total of 100 billion XRPs. The total number of XRP is fixed. It is set to 100 billion in the beginning and will not be redistributed. XRP can now be accurate to 6 decimal places. The smallest unit is called a drop. 1000000 drops equals 1 XRP (1XRP = 1000000dXRP).