Why XRP-Ripple is Getting More and More Popular as a Casino Deposit MethodDec 2, 2020, 11:25AM
Read the following in-depth guide to discover more about Ripple and why it is growing in popularity as a deposit option.
Ripple has never focused on the online gambling market. Instead, it has focused on real-world use cases such as live streaming payments, the internet of value, and cross border payments. As such, there're few online gambling platforms currently using XRP-Ripple.
XRP is much cheaper, safer, and faster compared to other popular cryptocurrencies, and the fully regulated online gaming industry is expected to embrace XRP-Ripple as a banking method in the future.
Ripple is one of the cryptocurrencies that online casino players can use to place bets and play games. Due to the many advantages that this cryptocurrency offers, its popularity is growing rapidly. Ripple has made progress to become the second-largest crypto option after Bitcoin.
If you are looking to learn more about Ripple casino sites before you join one, then this guide is perfect for you.
Ripple was established in 2012. It is a San Francisco-based digital company. XRP is its code for cryptocurrency, and RippleNet is the company's payment and currency exchange network. Unlike other cryptocurrencies, Ripple is operated by Ripple Labs, which some consider a weakness.
But the technology and software behind this crypto option aren’t to be dismissed quickly. And because of the qualities of the software and blockchain technology used, many organizations and companies, including online casinos, trust this digital banking option.
Is XRP-Ripple Legal to Gamble With?
Ripple is a bit complicated to use, especially when you are a newbie. And that is why many gambling regulatory authorities do not approve it for betting. But the good thing is that they do not ban it, and that is why you will find reputable Ripple online casinos out there.
Currently, the number of online gambling platforms accepting Ripple as a payment method is increasing compared to other crypto casinos. And some incentives make them attractive to many players. Below are the top reasons why XRP-Ripple will continue to become a popular deposit option at many online gaming sites throughout the world.
It is Fast
We mentioned this in the introduction, but it is important to provide more details here. Ripple is one of the banking methods that offer the fastest transactions. Its funds settle in any part of the world within seconds. The company that operates this cryptocurrency is always looking to enhance its services and products to meet the needs of different individuals.
The Cobalt update is one of the current innovations of the company. And with this innovation, XRP has become faster than ever. With this in mind, more and more online casino players are starting to use this option to make deposits. They know that they will be able to play in no time after confirming their transactions.
Aside from fast deposits, players who use Ripple at regulated gambling platforms also enjoy speedy withdrawals. The company states that millions of dollars can be transferred in seconds. This means that once your online casino approves your withdrawal request, you will be able to get your funds instantly.
Transactions Are Almost Free of Charge
Ripple transactions are not 100% free, but they are almost free. As a Ripple user, you will only be charged fractions of a penny to receive or send your funds. Also, larger transactions cost a few drops.
In Ripple, drops are similar to the satoshis in Bitcoin. If you compare the fee to that of electronic wallets, banks, and other financial institutions, you will conclude that betting with XRP-Ripple is cheaper, and can lead to significant cost savings in the long and short term.
Safety is among the top things that many gamblers consider when choosing a payment method or a gambling platform. Ripple is one of the safest payment methods and cryptocurrencies available out there. Its users have never experienced any troubles concerning security.
The Ripple system is primarily based on blockchain technology that is updated each day. The backing of banking institutions like Santander, UBS, and Union Credit clearly indicates that this cryptocurrency is safe to use. Additionally, it legitimizes Ripple all over the globe and demonstrates the highest levels of trust.
Flexibility is one of the main components of finance, even in the digital world. XRP-Ripple is not only a cryptocurrency but also an exchange site too. This means that players can quickly exchange one currency for another using XRP.
The exchange platform supports both cryptocurrencies and fiat money. The best thing is that all exchanges attract low commissions of up to 0.000001 XRP, making all the transactions cheaper.
Lack of Inflation
Since the Ripple cryptocurrency coins are mined initially, it means that they exist and already hold their value. So if you want something stable, then Ripple should be your final option when choosing a cryptocurrency to fund your gambling activities.
Unique Bonuses When Playing
Many online casinos encourage their players to use Ripple as their main payment option. To achieve this, they offer appealing bonuses and promotions to attract as many gamblers as possible. When you deposit through XRP-Ripple, you will be sure to enjoy some unique incentives, including a welcome bonus, ongoing promotions, and VIP rewards.
Whether you love slot machines, table games, live dealers, or scratch cards, you will find the best titles at Ripple casino sites. And what is more, you will enjoy claiming generous bonuses and placing wagers from anywhere at any time. To take advantage of all these appealing casino features, you will need to join a top Ripple online casino in the market.
So you should do thorough research before joining your preferred casino. This will provide you with a platform that not only meets your unique needs and requirements but also provides you with the best gaming experience.
Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.