Ripple is a company creating blockchain based solutions for the global banking industry. These solutions use Ripple’s own cryptocurrency, XRP, which trades freely like any other cryptocurrency. Ripple is being tested by several of the largest banks in the world. Because the interbank currency market is the largest market in the world, if the tests are successful, XRP will have significant utility underpinning its value.
XRP is commonly referred to as Ripple in the market, and is one of the most popular cryptocurrencies for trading as it is highly liquid and has recently had large price swings.
How to trade Ripple?
When you buy Ripple with Eightcap, you are not actually taking ownership of any cryptocurrency: you’re speculating on the price movements of XRP against the USD. But your exposure to XRP’s price movements is the same as if you’d bought it outright.