Top 10 Ripple Casinos for 2018 – Online Casino Ripple

Ripple CryptocurrencyWhen it comes to blockchain solution for global payments, the first name that comes to the mind is Ripple. According to its developers, although there have been technological advancements in the payment system infrastructure of today is developed before the advent of the internet.

Till present, there have been decidedly fewer updates. With Ripple, the developers want to create a new payment infrastructure with enhanced speed and reliability with an objective to minimise costs.

List of Top 10 Ripple Casino Sites for 2018

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Who Runs Ripple?

It is a global company with offices in different parts of the world like Singapore, Luxembourg, Sydney, India, New York, London and San Francisco. The company is committed to offering its expertise in technology, compliance and financial services spanning several decades.

The team comprises of the following members:

  • Brad Garlinhouse who is the CEO
  • Marcus Treacher who is the Strategic Accounts Head
  • Antoinette O’ Gorman who is the Chief Compliance Officer
  • David Schwartz who is the Chief Cryptographer
  • Stephen Thomas who is the CTO
  • Cameron Kinloch who is the VP of Finance
  • Patrick Griffin who is the SVP of Business Development
  • John Mitchell who is the SVP of Global Sales

All the board of directors has extensive experience and vast knowledge of finance, regulation and policy.

What Issues Does Ripple Improve with Existing Payment Infrastructure?

Ripple CasinosThe existing payment system comes with a lot of problems, and Ripple addresses some of the important ones. According to World Trade Organization, Institute of International Finance and Federal Reserve, the total cost is $1.6 trillion.

The payments are incredibly slow and take 3-5 days to settle. Failure in processing the payment further adds insult to the injury. Ripple wants to speed up the payment procedure at a relatively lower cost.

What is RippleNet?

It is the network behind Ripple that connects corporations, banks, payment providers and digital asset exchanges at one place. People can send and receive funds globally in a hassle-free manner. It offers connectivity across several payment networks with blazing fast money settlement. All the funds are traceable in real time with relative ease. And the best part is that it comes with decidedly less operational expenses and low liquidity costs.

How Does Ripple Improve on the Blockchain?

Ripple is better than most of the blockchain systems available these days because it is designed and developed with sophisticated and state of the art technology. It offers security and scalability while managing several networks. With Ripple, one can access payments at a faster rate at a little cost.

What is XRP?

The developers have designed it for sourcing liquidity in cross-border payments. It can be used by banks for sourcing liquidity in real time on demand without needing nostro fund accounts in advance. It can be used by the payment provider to access the market and speed up the payment settlement time and mitigate the foreign exchange costs. People can purchase or exchange XRP on several cryptocurrency markets.

Ripple ReviewsIt is interesting to note that XRP settles incredibly faster as compared to other cryptocurrencies. It takes 4 seconds to process while ETH takes 4 minutes and BTC takes 60 minutes. Traditional systems are at their worst taking five days to settle.

At the same time, XRP is scalable which means it can easily handle 1500 transaction in a given second. It is scalable for handling similar amount that Visa uses. BTC handles 3-6 transactions per second while ETH handles 15 in one second.

XRP comes with open source technology which means that it is well distributable across the globe. There is an ever-growing list of validators which in turn is improving the system. XRP has been in business for more than five years, and it is enough for anyone to rely on it. It has closed every single ledger without any issue, and it has a team of highly skilled people to offer hassle-free service to users.

As on September 17, 2017, Ripple has 6,462,128,816 XRP and 55 billion XRP will be placed in escrow by the end of the year.

Best Ripple Wallets

Gatehub is the official wallet of Ripple where people can store their XRP. Once you signup, an address will be generated. The purse is handy for storing funds, receiving money and sending it to the other Ripple users with the wallet name, email address or Ripple address.

There is a hardware e-wallet available called The Ledger which is available for storing XRP in a much safer and secure manner. Here is a full review if you want to learn more about these kinds of devices.

How Big is RippleNet?

What is RippleIt is growing at a fantastic faster pace across the globe. As of now, there are several payment providers, digital asset exchanges, banks etc. available that process and offer liquidity payments through RippleNet. There are more than 100 customer and 75 commercial deployments.

A large number of financial entities use Ripplenet like for instance BMO, UniCredit, SBI Remit, SEB, UBS, Axis Bank, Westpac, Credit Agricole, Standard Chartered, Santander, RBC and Bank of Tokyo-Mitsubishi UFJ.

Conclusion

Both Ripple and Ripplenet can become a handy tool for the banks and other financial institutions and business alike. Banks can use it for growing their revenue and expanding their resources. Ripple simplifies the payment procedure for the corporate entities. So you should go ahead and start using Ripple, especially while making payments at online casinos.