What’s Ripple and How Do Ripple Online Casinos Work?
Ripple (XRP) is a decentralised blockchain-based payment method created in 2012 by Ripple Labs Inc. Unlike Bitcoin, Ripple is not a proof-of-work cryptocurrency, meaning it doesn’t rely on mining to verify and approve transactions. That makes XRP transactions efficient, fast, and low-cost, rendering Ripple a super-scalable cryptocurrency, as it can handle 1,500 transactions per second, far exceeding Bitcoin’s average of 7 transactions.
Ripple online casinos facilitate XRP deposits and withdrawals in a secure environment, as casino transactions are processed on the XRP ledger and approved by a network of validators. The XRP ledger is purpose-built for speed and scalability, so a Ripple casino deposit or withdrawal is usually settled within 3 to 5 seconds for a fee lower than $0.01.
It is easy to see why many casino enthusiasts opt for Ripple when searching for the best online casino sites that accept cryptocurrencies. Unlike general-purpose cryptocurrencies like Ethereum or Bitcoin, which often suffer from network congestion, Ripple is created with payment networks in mind.