What is XRP? Ripple Explained with Animations

Ripple and XRP have been a household name in the crypto world for years, but what is it and how does it actually work? In this video, Newsbit explains what Ripple and XRP are in 2 minutes.

#Newsbit #cryptonews #xrp #explained #ripple

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Newsbit is the number 1 cryptocurrency news website in the Netherlands. The YouTube channel covers everything related to crypto and Bitcoin. With this we provide you with the latest crypto news, we give you price analyzes and we help you understand the crypto world. Whether you are a beginner or an expert, we are here to provide you with crypto-related content.

Disclaimer: You can also lose money by trading. Therefore, only trade with money that you can afford to lose.

[JohnOliver-xk]

How can I make good profit as a beginner starting with €6, 000

[enishi_]

remember: there was a time they said $10, 000 per BTC was EXPENSIVE. 😂

XRP to beat ETH within 2 years. Just watch! 🎉🎉

[stlabido]

Guys i am serious, ripple XRP is so important. Buy and hold it

[netnoob]

So to initiate a transfer, fiat money has to be converted to XRP, transferred and then converted back to fiat money? The transfer may be cheap but wouldnt one be exposed to the volatile value of XRP? What happens if XRP falls by 10% during the transfer? Doesnt make sense to me

[A_Stefaniak]

We Poles, transfer money differently. I go to John Smith, hand him 10K and my wife receives 10K in Poland next day. The process cost 100$. Not to mention there are options like Revolut that allows for free transfers. But the explanation somewhat explains what XRP is.

[Philipjohnson]

I will forever be indebted to you Ms. Mia Bradley. You changed my whole life, I will continue to preach your name for the world to hear. You saved me from huge financial debt with the little I had. Thank you Ms. Mia Bradley

[stotle]

Why would you use xrp if the price goes up and down

[_Endrju]

Gr8 episode 🤩. Could You please Guys make one more about XLM and it's complementary services to XRP?

[thisplaceisazoo]

Okay, so Mrs. Koski gets 100 xrp sent to her. How then does she go buy bread with it? And, can't you just send pretty much any coin to another person and do the same thing?

[jdoi]

Ripple wants to collaborate with banks. By using XRP, banks lose out on how much money in transaction fees? Why would the banks want to collaborate?

[meagain]

I’m just here on a discovery journey, XRP and bitcoin is all new to me. Gold and silver are great for long term but digital is something I’m looking to see if it’s worth looking into for the average jo

[andrewwills-bnvn]

What's the optimal strategy for someone with around $4, 000, or even less, to begin trading cryptocurrencies today?

[danmarino]

If Ripple executives stated that XRP future is so very bright and promising, why are they selling 1 billion XRP every month from their $55 billion escrow account into the marketplace?

[nellydragon]

It’s more about the banks exchanging money between each other. This will save them a lot of money and time. It will also free up liquidity sitting in other banks all over the world (nostro vostro) so that they can lend out that liquidity and make more money. There is currently a liquidity crisis all over the world. Xrp eliminates the liquidity crisis and all the banks of the world collect their money that is sitting in banks all over the world.

[Sootsage]

Why're they hacking channels to promote it? A popular pokemon youtuber named Johnstone's channel got hacked, and it's promoting this crypto.

[Donny-zu]

Why not just use stablecoins? Also, enjoy holding xrp as it get diluated with more xrp coins being put into circulation.

[fabiog]

Who owns the 50B xrp that are in the ‘safe’?

[gunnarpoker]

zero upside vs bitcoin in any single metric, and tons of downsides...

[BeckmannBuda]

Thanks for sharing such valuable information! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What's the best way to send them to Binance?

[supercarcriminals]

They already have this tech it’s called UPI it does exactly what xrp and is already in use cross Asia