When you are exchanging USD to JPY, you want to know the exchange rate before you proceed with the transaction. The same pattern is expected for XRP and other cryptocurrency exchange.
Ripple refers to a payment protocol developed in 2012 by a company called Ripple labs inc. Ripple is a distributed ledger consensus system that not only facilitates the transfer of cryptocurrencies but also allows for the transfer of traditional fiat currencies as well.
The native currency on the Ripple platform is called XRP. Ripple is widely celebrated for its lightning speed pace in completing transactions. It is faster than the traditional money transfer SWIFT protocol.
The crypto industry as a whole is full of techy and complicated things that may confuse you. Some of 90+ currencies we support require different measures to take before exchanging them. Over 70% stuck transactions happen due to the negligence of these measures. We will take a closer look at common mistakes happening during the exchange process and sort out the possible aftermath. Let’s look into issues occurring with Ripple’s destination tags, NEM’s messages and memos in Steem, Stellar and Decent.
Changelly strives to create a world of cryptocurrencies without borders for our clients. We are building our service around you and for you, paying great attention to your feedback and desires. Following your requests, we are adding 4 new currencies to our list. Meet Dash, Ripple, Next and Aeon! Here are a few more words about our newcomers.