The Ripple online payment system is one that many casino players choose because of its features. When you meet a singular cryptocurrency system that is not affected by the computing power of your device, does not involve the very difficult mining process to gain, and which offers the same security and anonymity as any other cryptocurrency, you would be pushed to embrace it. This is why the Ripple cryptocurrency has become one of the most popular payment systems amongst online casinos and players. With the initially created one hundred billion XRPs still in circulation, you can always acquire the amount you need for online gambling.

What is Ripple?

Ripple could be regarded as a real-time gross settlement system (RTGS) remittance and currency exchange network that was designed by the company originally named Ripple. Many people also refer to this system as the Ripple Protocol or the Ripple Transaction Protocol (RTXP). The value of this real time gross settlement is distributed under an internet protocol that is completely open source. The native cryptocurrency and consensus ledge resulting from this is also known as Ripples or XRP.

Ripple came into existence in 2012, with the main purpose of offering instant, secure and almost free online financial transactions. This was meant to offer transactions of any size without any form of chargebacks. Now, one of the outstanding things about Ripple is that it also supports tokens, and this gives it the characteristics of the cryptocurrency, fiat money, commodity and all other units of values. This was designed around a ledge or public database, with a consensus process through which payments, remittances and exchanges are authorized and distributed in a way that each form of transaction has its own process.

The Ripple cryptocurrency has been validated by many companies, many internet service providers and even the Massachusetts Institute of Technology, and the currency can operate even without the Ripple Company. So, it is currently completely independent of the founding firm. Many banks and payment networks have accepted and incorporated this payment system as the chosen infrastructure for settlements, and this is because of the advantages it has as a distributed ledger over other crypto-currencies. UniCredit, Santander and UBS are some of the big firms that make use of this.

Ripple Online Casinos

The good thing about Ripple payment system for casinos is that it is as secure as other crypto-currencies and it offers a completely anonymous payment protocol. It is also as swift as other crypto-currencies when used for transactions. But it’s even faster than most of them because it is a distributed ledger centralized system. The last quality allows it to enjoy some of the characteristics of the fiat money, commodities and cryptocurrency.