In the cryptocurrency community, many people consider Ripple as a black sheep. Some of them look askance at this network and don’t even take it for a cryptocoin. The third category isn’t interested in it that much, but the fourth one enjoys making use of these protocol’s features and asks for more.

Casino sites use Ripple for fast and secure transactions which is a win-win for both the sites and players. Thanks to its safety protocols and instant transactions, Ripple is becoming quite popular in casinos recently. In many ways, Ripple is similar to Bitcoin. It operates on the blockchain, the publicly distributed ledger that records all. Let’s find out more about Ripple and the things you should consider when playing at a Ripple/XRP casino. Ripple (XRP) is a cryptocurrency and a payment protocol introduced in 2012 by Ripple Labs, a San Francisco-based start-up. Ripple Labs has built a currency exchange system and payment network called RippleNet, where Ripple is the currency.

Ripple is a payment processor that utilises blockchain technology, allowing users to send money globally and instantly, reliably and cost-effectively. CasinoCoin is utilising Ripple’s source code as a basis for our blockchain as we believe it provides the speed, scale and security necessary for our utility.

True, this Ripple system is quite singular. It does not care about the computing power of your GPU, CPU or ASIC devices farm. All of that makes no matter, as there is even no room for such a concept as “mining” in this case. One hundred billion XRP were created in the very beginning; there were no plans for new emissions.

Casino Coin Ripple

Ripple has been often called “centralized”, and it might confuse inexperienced crypto-gamblers. There is no oxymoron because the network does not rely on the blockchain technology, traditional for the majority of cryptocurrencies. Don’t be disappointed, because the unique mechanism of this system brings some serious benefits.

Ripple Casino Buffet

Casinocoin Ripple

The user data privacy does not go away, too. Add that to other bright sides, which are going to be described below, and you will see that Ripple has a lot to offer for the gambling games industry.