Blog
November 19, 2021
(Automatically translated from English)

Ripple: smart little fella XRP

Ripple: smart little fella XRP
Ripple: smart little fella XRP

So, you’ve probably heard of Bitcoin, right? The coming and going of it, the huge increases (and drops) in its worth. Maybe you’ve even invested in it during a moment of profanity — and are now reading this little story from your luxurious yacht.

But have you ever heard of the Ripple, also known as XRP? Well, this little genius is there to make sure that transfers between different banks happen with the speed of light — without having to wait days for your transfer to hit the account.

How this clever little fella influences this? Let us take you for a peek behind the scenes and show you where the magic happens (cue the MTV Cribs tune).

Imagine you are sailing on that luxurious yacht you bought after making shitloads of money off Bitcoin. Ship ahoy! You see a lovely little island in the distance and decide to stop by for a quick lunch break. Cruising does make for hungry bellies, after all.

While enjoying your fancy-schmancy lunch, you get a text message from a friend.

“Hey dude, remember the 50 euro investment I borrowed you? I need it, like, RIGHT NOW — at the vet as the dog swallowed another sock. NEED THE MONEY ASAP! Will you transfer?”.

Because those 50 euros made you filthy rich, you decide to let your lunch go stale and complete the transfer right away. No time to lose! Lives are at stake! You open your mobile banking app and transfer the funds within seconds. Easy enough, right?

But whilst you sorted your transfer in the blink of an eye, the actual money will have to move through several banks before reaching your buddies’ account. You see these transfers reflected in the ‘transaction costs’, and your dear friend will have to wait an utterly useless 2 to 3 days to get the money you owe him. By that time, his dog will have died.

Poor Pluto.

So this is where the man, the legend, Ripple, comes in. This smart little fella is there to make sure your friends’ dog doesn’t die. Not this time, at least. When your bank buys XRP (the name of the Ripple coin, in case you’ve already forgotten), it can use this remarkable digital currency to make its payment to your friends’ bank. In his turn, your friends’ bank sells the XRP on receipt, and the proceeds of this sale are transferred to your friends’ bank account. Meaning he doesn’t have to wait three days, and that Pluto might just make a miraculous recovery!

A handy little coin, isn’t it? It might just be why the XRP was worth 0,006 dollars in 2017 and already increased its value to 3.65 dollars the year after.

Ready to get your hands on some and start investing. These are the bots that love trading Ripple!

XRP.2the.moon

Trading like a Girl

Top10 balance.bot

Only the Classics Top 10

Colossal Coco

Start your Ripple bot here


About BOTS

BOTS is a tech company that has developed an app that makes it possible for anyone to invest from €50. BOTS uses automated trading strategies so you can invest in cryptocurrency quickly and even without knowledge. Previously, these strategies were only accessible to the richest 3% of the world. BOTS now makes automated investing accessible to everyone. In 2021, it will also be possible to invest in stocks and other currencies through BOTS. The app is free to download and quick and easy to install. BOTS currently operates in more than 15 countries and by the end of the year, BOTS wants to be active in at least 60 countries and 4 continents.

Need any help with anything?

If you still have questions about the BOTS app, please do not hesitate to contact the BOTS support department.

On the BOTS YouTube channel you can find other instructional videos that may help you further. You are also welcome on the Discord channel of BOTS.

The BOTS app is now live

Download the BOTS app on your mobile phone today! For Android click here, for Apple click here.

There is no such thing as risk-free trading. It is possible to lose (part of) your stake.