Buy XRP with a Credit Card
You can buy XRP for USD and other fiat currencies here at SwapSpace! We provide an easy way to do that via our partner Mercuryo with a few simple steps right on this page. You can also look at XRP price dynamics and history, get some answers to your questions, and find some useful links to read more on what is XRP.
XRP Live Price Chart
XRP price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.
What is Ripple
Ripple refers to both a technology company and a real-time gross settlement system and currency exchange network. The company, Ripple Labs, developed the Ripple network to facilitate efficient cross-border payments and transfers. The Ripple network utilizes its native digital currency, XRP, as a means of facilitating these transactions.
The Ripple network aims to enable fast and secure cross-border transactions, allowing financial institutions, banks, and payment providers to send and receive money globally in a cost-effective manner. It's designed to be a replacement or alternative to traditional SWIFT (Society for Worldwide Interbank Financial Telecommunication) transactions, which can be slower and more expensive.
The concept behind Ripple was originally conceived by Ryan Fugger in 2004. He developed a digital currency system called "OpenCoin," which aimed to create a decentralized platform for creating money and conducting transactions. In 2011, Jed McCaleb became involved in the project and began making changes to the concept. In 2012, Chris Larsen, a serial entrepreneur, joined the team and played a key role in reshaping the project.
In 2012, OpenCoin was rebranded as Ripple Labs, with Chris Larsen as CEO and Jed McCaleb as Chief Technology Officer. The company aimed to develop a decentralized digital currency and payment protocol that would allow fast, low-cost international money transfers.
In 2013 Ripple Labs introduced the Ripple payment protocol and its native digital currency, XRP. XRP was initially created to serve as an anti-spam mechanism within the network and evolved to become a bridge currency for facilitating currency conversions during transactions.
Ripple doesn't use traditional proof-of-work (PoW) or proof-of-stake (PoS) consensus mechanisms. Instead, it uses the Ripple Protocol Consensus Algorithm (RPCA), which relies on a network of validators to agree on the state of the network. This approach allows for faster transaction processing and confirmation.
Ripple has been involved in the development of the Interledger Protocol (ILP), which is an open protocol suite for sending payments across different ledgers and payment networks. The ILP aims to connect various payment systems, including both blockchain and traditional financial systems, in a seamless and interoperable manner.
XRP is the native cryptocurrency of the Ripple network. While it can be used for making payments and transactions within the network, its primary role is as a bridge currency for converting between different fiat currencies during international transfers. This feature helps in reducing the time and cost associated with currency conversions.
The total supply of XRP is capped at 100 billion tokens. As of August 2023, the circulating supply of the XRP is 52,787,284,454 tokens.
Ripple Labs holds a significant amount of XRP tokens, which has led to discussions about the degree of decentralization of the network. Some critics have raised concerns about the concentration of control over the network. Ripple has taken steps to address these concerns and improve the decentralization of the network over time.
The company faced legal challenges from regulators in different jurisdictions, particularly regarding the status of XRP as a security. These legal challenges brought attention to the relationship between Ripple Labs and XRP, and discussions about the decentralization of the network intensified.
The SEC accused Ripple executives of conducting an unregistered security offering with XRP. They claimed that Ripple sold XRP tokens to investors worldwide and in the US, raising funds without proper registration. The lawsuit also stated that Ripple offered billions of XRP in exchange for non-cash services. Chris Larsen, co-founder, and former CEO, and Brad Garlinghouse, current CEO, were individually accused of unregistered XRP transactions totaling around $600 million. Additionally, they were alleged to have promoted XRP sales to support the company's operations. The SEC asserted that the defendants violated federal securities laws by not registering their XRP transactions or obtaining exemptions from registration.
On July 13, 2023, Ripple Labs achieved a mixed outcome in its legal battle against the U.S. Securities and Exchange Commission (SEC).
The average fees on the Ripple network
Ripple's XRP Ledger is known for its low transaction fees. The fees on the XRP Ledger are measured in "drops," where one XRP is equivalent to one million drops. The goal of these low fees is to make microtransactions and cross-border payments cost-effective and efficient.
During normal network conditions, the transaction fee on the XRP Ledger is typically very low, often just a fraction of a cent (in terms of USD value). This is significantly lower than the fees associated with many other blockchain networks, particularly during periods of high network congestion.
Where and how to buy XRP?
You can buy XRP on various cryptocurrency exchanges like Bitstamp, Kraken, Binance, and more.
To get started, create an account on your chosen exchange and complete any required verifications. Once your account is set up, deposit funds—either fiat currency or other cryptocurrencies—into your exchange account. Then, navigate to the XRP trading pairs (e.g., XRP/USD, XRP/BTC) and place a buy order at the desired price. The process may vary slightly between platforms but generally involves these steps. Always make sure to review the exchange's guidelines and fees before trading.
How to Buy XRP on SwapSpace
On this page, we put USD in the “You send” and XRP in the “You get” sections in the widget. USD is the default, but you can choose your preferred fiat currency. Put in the amount of fiat you want to spend. Next, press the ”View offers” button and choose a provider.
Fill in the “Enter the recipient address” field with the destination XRP address. Check the information carefully and click the “Next” button. After reading the special terms and conditions in the next window, click “Next” again.
At this point, you will either see our partner’s widget or be redirected to another page, depending on the chosen provider. You will be asked to verify your identity, as this is standard practice for the services that work with fiat money. Follow the provider’s instructions on the screen.
After completing the KYC procedure, fill in your credit card information. At this point, everything is in place and your transaction will start.
Wait for the transaction to process. You’ll see a message when it’s completed. A window with your transaction details will also appear; from there, you can also create another crypto-fiat exchange.
Convert Fiat to Crypto Now
If you’re still just considering buying crypto with a credit or debit card, you can use the widget to play with our cryptocurrency converter: just put the amount of XRP you want and see how much USD, EUR, or other fiat currency it will cost you.