Post
Topic
Board Altcoin Discussion
Re: ||| Why is Ripple getting higher and higher? |||
by
Bob81
on 11/12/2014, 14:49:45 UTC
Can't understand why Ripple is raising and raising when all other coins are going to fall.

I'm truely wondering about the phenomenon.

Where can I buy some Ripple coins and what is so special about it that is has got such a hugh market cap at the moment?

Do you want to buy with USD, BTC, or what?

Either way, you will want to start a new account at ripple.com

I use SnapSwap with USD.  You can do an instant deposit within seconds through 13 major banks.

The total number of supported banks is now thirteen. The initial list of supported banks included Wells Fargo, Bank of America, Capital One, Capital One 360, TD Bank, US Bank, PNC, Chase, Citibank.

http://blog.snapswap.vc/2014/11/four-more-banks-are-available-for.html


For Btc, create a wallet in ripple and below is a little tutorial on creating a new bitcoin address inside your ripple wallet to transfer btc to it.

www.btc2ripple.com

https://xrptalk.org/topic/4547-getting-from-btc2ripplecom-to-rippletrade/?hl=btc2ripple

Ok, thank you for the info.
Just one further question I'd like to ask.

You listed so many supporting banks - is this coin held or controlled by those banks in any way?

Great question.  100% NO!  Just a rail to get your money out of those corrupt bank accounts into a gateway(snapswap) to place into the ripple network as a USD.SnapSwap IOU.  This is until you convert to XRP, that it is officially an asset on the protocol with no counter party risk.  XRP cannot be frozen.

Thanks for the info.
I guess I'll try it out primarily by investing a small amount later when it falls again. The today's price is too high for me.