To begin with, it’s essential to understand the distinction between XRP, Ripple and RippleNet. XRP is the currency that operates on a digital payment platform called RippleNet, which is on the cover of a distributed ledger database called XRP Ledger. While Ripple runs RippleNet, the XRP Ledger is open-source and is not based on blockchain, but rather the earlier mentioned distributed ledger database.

The RippleNet payment program is a real-time gross settlement (RTGS) system that strives to enable instant monetary transactions globally. While XRP is the cryptocurrency belonging to the XRP Ledger, you can use any currency to conclude on the platform.

While the concept behind the Ripple payment platform was first told in 2004 by Ryan Fugger, it wasn’t until Jed McCaleb, and Chris Larson accepted the project in 2012 that Ripple began to be built (at the time, it was also called OpenCoin).

How Does XRP Work?

Ripple created XRP to be a speedy, less costly and more scalable alternative to other digital assets and existing monetary payment stages like SWIFT.

RippleNet’s ledger is supported by the global XRP Community, with Ripple, the active constituent. The XRP Ledger processes transactions approximately every 3-5 seconds, or whenever autonomous validator nodes agree on both the order and validity of XRP transactions, preferably proof-of-work mining like Bitcoin (BTC). 

How Do You Buy XRP?

You can buy XRP on any exchange that offers digital currency. For the most advanced list of exchanges and trading combinations for this cryptocurrency, click on our market pairs tab. Remember to research before picking a firm!

How Do You Store XRP?

You can either collect your XRP on an exchange, where the company is responsible for the safety of your asset or store your XRP in a cold or hot wallet.

What Are Crypto Debit Cards?

It’s sad but reliable that few shops and websites allow digital currencies directly now. There are several reasons. Retailers might be concerned about exchange rates, discover the technology too difficult to understand, or think the demand for BTC transactions is below.

Thankfully, we’re beginning to see new products pop up that solve all those problems — giving thirsty crypto enthusiasts some caffeination and supporting businesses offer digital assets as a payment method. Their name? Crypto debit cards.

What Is a Crypto Debit Card?

Like a traditional debit or credit card, cryptocurrency debit cards enable you to perform day-to-day transactions using BTC, ETH, XRP and other altcoins. Often, you don’t want to bother about whether a merchant will accept your physical card. That’s because many of the goods out there have been released in association with Visa and Mastercard, meaning they can be applied in millions of locations.

Here’s how they operate. First, you top up the crypto debit card with the digital currency of choice — often in a mobile app or website. Then, you can hit the shops. Many cryptocurrency debit cards allow more generous spending deadlines, as well as lower transaction fees.

Let’s imagine you get that long-awaited cappuccino with the crypto debit card. Once the purchase is complete, the card provider will convert the digital currency into cash, indicating that the coffee shop will get the payment in fiat currencies like USD, GBP or EUR. 

What’s the Point? Why Not Use My Normal Visa Card?

Big question. The quick answer is this: you’ll presumably get some exciting perks.

With conventional Visa debit cards, you can typically end up paying sky-high conversion fees while on holiday as the dollars in the bank account are changed to pounds and euros. With a crypto debit card, your Bitcoin serves as a bridge to other fiat currencies, meaning you’ll conserve money.

But there are benefits of having a crypto debit card, even if you don’t travel that often.

Traditional credit cards often combine all sorts of charges. You might have to spend a yearly membership or fees whenever you make a transaction at home and abroad. Usually speaking, crypto debit cardholders will discover life a lot less valuable.

You’ll be ready to handle your crypto debit cards for ATM withdrawals — and many of the products on the market also assist Apple Pay, Google Pay and Samsung Pay. Some cards grant rewards, like airport lounge access or cashback on purchases, so it’s worth shopping around to see which one suits you.

These prepaid cards can also promote financial inclusion, as they can be fixed without a bank account. Some products also allow a virtual card instead of a physical one, making them ideal for online buying through PayPal and other e-commerce platforms.

Of course, there are advantages. Some providers will challenge you to stake coins to unlock your way to the best rewards. And although your crypto debit card might be well suited to small, daily transactions, it might not be the best way to pay if you’re thinking about splashing out on a car or a yacht.

Then there’s the issue of Bitcoin’s volatility. The BTC you use to buy a $1,000 holiday on your crypto debit card now could end up being worth double or triple as much in the years to come, meaning you’ll feel short-changed. 

Last but not least, it’s essential to do your due diligence on the blockchain brands allowing cryptocurrency debit cards. In the US, Europe, Singapore and elsewhere, they may be subjected to regulation — and you’ll presumably have to perform Know Your Customer (KYC) checks.

Are Crypto Debit Cards the Future?

Some of the world’s biggest cryptocurrency exchanges, including Binance and Coinbase, now offer their Visa debit cards. Account top-ups are easy, and you’ll be imposed no fees for moving funds from the crypto exchange account to the card. Other major card providers include and Block card.

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