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Knowing Your Crypto: What Are the Main Differences Between Ripple and Bitcoin?

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Message Frederick Smith

Many people like the idea of currency trading to make some money on the side. But if they were to use the traditional SWIFT system, the process would not only take several days to complete, it would also involve hefty charges on top of it. So instead of buying fiat currency directly, it's better to obtain XRP tokens first and convert them to whatever currency of one's choosing at a later date. While the same concept would technically work with Bitcoin, it's not as attractive of a proposition due to a long verification process and heftier transaction fees.

Conclusion

Despite not being as well known as Bitcoin, there are some strong advantages to Ripple. At the end of the day, it's a decentralized network with unique cryptocurrency tokens that retains many of its core principles; it's just geared towards different needs.

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Young writer from Worcester. I love writing texts, poems and my dream is to write my own book. I live with my wife and our dog named "Sandy"


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Knowing Your Crypto: What Are the Main Differences Between Ripple and Bitcoin?

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