What is XRP (Ripple)?

Ripplenet is a decentralized network built by Ripplelabs, a San Francisco-based fintech company, for faster payments between banks and financial institutions. XRP is the native currency of the Ripple network through which payments are settled. It is an open-sourced technology enabling the execution of a transaction in 3-5 seconds with a meager fee. Ripplenet's primary goal is to ease the exchange of two fiat currencies or cross-border transactions. More than 100 financial institutions in 2021 have adopted Ripplenet for seamless, real-time, cost-effective, and decentralized international transactions.

How does XRP work?

Ripple (XRP) is a pre-mined native currency of Ripplenet. A total of 100 billion XRP were created before its launch, out of which Ripple reserved 6% tokens for the maintenance of cryptocurrency, and 48% was reserved for timely release in the market.

It is fast, cost-effective, and decentralized, which enables the trouble-free transaction across the border as the fiat currency transaction process from one bank to another is time-consuming and involves a higher exchange fee.

How to buy XRP in India?

There are many platforms where you can invest and trade XRP in India. One such platform is Flitpay. To buy XRP in INR, you have to sign up for the relevant application, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Through the linked bank account, deposit the amount you want to buy an XRP and execute the XRP purchase.

You can instantly convert your INR to XRP and XRP to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

How do I convert XRP to INR on Flitpay?

Buying and converting XRP directly on Flitpay is a task of a few clicks using the Flitpay OTC platform. If you have already made an XRP purchase on Flitpay and want it to convert into INR, all you need to do is; sell it on Flitpay, and you will receive the INR in return. If you have your XRP holding in another exchange, you must deposit your crypto on Flitpay and then execute the selling process to convert XRP into INR.

To learn; how to deposit XRP or any other crypto from another platform, refer to the link.

You can easily withdraw your converted INR through the instant bank withdrawal service provided by Flitpay in a breeze.

FAQ

What are Ripple and XRP?

Ripple is a decentralized network built by ripple labs in 2012 to facilitate cross-border transactions between financial institutions and banks. In comparison, XRP is the native currency of the Ripple network, which can be exchanged rather than fiat currencies.

What is the ripple price in India?

Check out the current INR price of XRP in India on Flitpay.

Which is the best platform to buy XRP in India?

The best platform to buy XRP or your favourite cryptocurrencies is Flitpay. Flitpay supports instant UPI, bank deposits, and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

How to buy XRP/Ripple in India?

To buy XRP at real-time prices in India, sign-up to the Flitpay app or web and follow the below-mentioned steps:

1. Click on the Quick/buy-sell option on the App or Trade