One of the newest crypto currencies to hit the market is Ripple (XRP). Before I review this new currency, I want to emphasize how important it is to rely on the most highly knowledgeable sites or brokers to explain how Ripple works. In my research, I did find a site that is promoting Ripple at one of the TOP online gambling sites that has been in existence since 1986, and is “considered one of the biggest in the world - Bookmaker.eu.eu.” This is an erroneous claim as Bookmaker does NOT use Ripple, but DOES use Bitcoin. In fact, they give a wonderful tutorial on what Bitcoins are, how to purchase them, and how to deposit funds into the Bookmaker account. Bookmaker is a Sportsbook and Casino. I wanted to see for myself how they handle Ripple deposits and withdrawals. But lo and behold, they don’t They ONLY accept Bitcoin. Therefore, as I mentioned in my "Bitcoin as a Payment Method" article, I have to reiterate once again that you can’t simply rely on what one site or several sites say about Ripple or any other cryptocurrency. You have to go to the source, that is, the Ripple Official site or speak to a broker who has the knowledge to advise you on the best crypto currency available today.
About Ripple as a Crypto Currency
The site that has been promoting Ripple as “all the rage” is incorrect. Ripple is just one of 1,038 cryptocurrencies, with Bitcoin taking the number one spot. Ripple is slightly different than Bitcoin in that it is a blockchain for global payments. It connects banks, payment providers, digital asset exchanges, and corporate entities in order to send money globally. You can buy Ripple through a dozen exchanges, but the key is to verify that these exchanges are legit. Ripple also maintains that it takes 3.3 seconds for them to process a transaction. The only thing I do agree with about this and other cryptocurrencies is that they are driven by speculation, which means the price can go either way.
Ripple’s Official Site
If you want an almost clear explanation of how Ripple(XRP) operates, I suggest you go to their official site. There you will find out that XRP is the “only digital asset specifically designed for financial institutions and payment providers.” It will also tell you that XRP “is the faster payment settlement for its customers, even faster than Bitcoin.” My recommendation is to read all of the information on the official site of Ripple and determine if this crypto currency – another speculative payment method – will allow you to deposit funds into online casino accounts. They are few and far between, as you will see from our most reliable sources.
Ripple Online Casinos
Currently there are two online casinos that accept Ripple XRP: Betcoin Casino and Lucky Games Casino. Ripple is a cryptocurrency that is not widely known. However, you can gamble at Ripple XRP Casinos to play such games as slots, poker, roulette, card games, and more at these casinos.
About Ripple XRP Online Casinos
At Betcoin, you can place bets using XRP in nine sports categories. This casino also has progressive jackpots and is a Provably Fair Casino.
For example, using XRP deposits you will receive a 100% for poker games. The poker room is partner of the Winning Poker Network giving players access to the largest Ripple poker room online.
The games available at this casino allows for payment with XRP in such categories as dice, roulette, plus more. Players receive 99% of their winnings, and the max is 5000 XRP.
How to Gamble at Ripple XRP Casinos
First, you would have to obtain Ripple XRPs, which are tokens. To do this, you need to register an account with a crypto exchange. After you register, you will have access to the currency exchange and from there you can choose a currency with a good rate and then buy. You can send your XRP to a Ripple Casino’s address. Just as Bitcoin utilizes wallets, XRP utilizes faucets.
Why should I use a Crptocurrency that is not widely known?
According to Ripple, you will have a very low cost of transactions. At the current rate of exchange one XRP is equal to $1. The transfers are particularly fast, and can be processed in seconds. Easy currency exchange: You can exchange your local currency for any other by means of XRP. There will be a minimum fee. There is one caveat, however, unlike Bitcoin, which gives players total anonymity, the XRP transaction information is public, but payment date is not available thus keeping your identity private. This may or may not be true. Also, because there are currently only two casinos that accept Ripple, perhaps your better choice is to use Bitcoins, which has proven to be the best crypto currency in the world. In the mean time, however, you can keep watch for Ripple to rise to the ranks of other well-known crypto currencies.