Buy XRP (XRP) in the USA With USD | CoinJar

Want to buy XRP? But what is XRP? And how is it connected to Ripple? How do I buy it? XRP is a that you can use to send and receive payments across the world.

XRP and the XRP Ledger was designed to connect banks, payment providers, and other financial institutions to each other. By using XRP, these institutions can save time and money, and offer better services to their customers.

XRP is different from regular money because it is not controlled by any government or bank. Instead, it runs on a network called the XRP Ledger (XRPL). XRP is the native token of that the

While Ripple created XRP, and holds a large amount of XRP, they don't control the XRP Ledger. The XRP Ledger is decentralised, meaning it's not controlled by any single entity.

XRP consistently lists among the top 10 cryptocurrencies by market capitalisation. At the time of writing (03 Octover 2024), XRP was the most-popular cryptocurrency. It can be bought at pretty much every crypto exchange.

Why XRP?

XRP is designed to be fast, cheap, and reliable. It can handle thousands of transactions per second, and it only takes a few seconds to confirm a payment. It also has very low fees. While Bitcoin is also handy for international payments with low fees, XRP is less energy intensive.

XRP can also be exchanged for other types of fiat currency or crypto, such as dollars, euro, or Bitcoin. This makes it easier to move money across different countries and currencies.

Many people invest in XRP because they believe in its potential to change the future of finance. Purchasing XRP with Australian dollars on CoinJar is straightforward. The XRP tokens remain in your CoinJar account if you don't want to create a separate wallet.

Why the XRP Ledger is better than existing systems like SWIFT

XRP is superior to the SWIFT system for several reasons.

-Faster transactions: XRP can be used to settle payments in 3 to 5 seconds, while SWIFT can take up to 5 business days.

-Lower costs: XRP has a very low transaction fee of 0.0001 XRP, while SWIFT charges a percentage of the transaction value, which can be very expensive for large amounts.

-Greater transparency: XRP uses a distributed ledger that records every transaction and can be verified by anyone, while SWIFT relies on a network of intermediaries that can cause delays, errors, and fraud.

-Higher scalability: XRP can handle thousands of transactions per second, while SWIFT has a limited capacity and can face congestion and downtime.

Ripple legal dramas

Ripple has had some with regulators in the USA.

The drama began in late 2020 when the U.S. Securities and Exchange Commission (SEC) charged Ripple with selling unregistered securities.

After years of litigation, on July 13, 2023, a federal judge handed the company a partial victory by ruling that XRP sales on public crypto exchanges were not offers of securities under the law.

On the 8th August 2024, a federal judge ordered Ripple Labs to pay a $125 million civil penalty in the long-running case brought by the Securities and Exchange Commission (SEC). The judge denied the SEC's request for a penalty of $2 billion.

Following the ruling, the value of the XRP token rose significantly.