XRP account is now available on Cryptopay

Jun 13, 2018 · 3 min read

Ripple fans, rejoice! Here’s the new feature and the big milestone for our team to reach: XRP is available on Cryptopay.

Now you can buy XRP with a card or a bank transfer, store your coins as well as exchange them to fiat and back again without leaving your account. If you are a Ripple fan who’s been looking for a reliable service to buy and store this crypto, consider using Cryptopay for these purposes.

Powerful technology supported by banks

Ripplepay, the initial project that stands behind Ripple and XRP that fuel this platform, was first introduced to the market by Ryan Fugger in 2005, three years before Bitcoin saw the light of day. Fugger was obsessed with the idea of creating a decentralised payment system that would provide people with a secure way of transferring payments all over the world.

In only a few years, with Christian Larsen joining the team, the project has grown to become a reliable service designed specifically for banks and payment providers and has received mass adoption at the bank level in many countries all over the world. UniCredit, UBS and Santander are just a few big names that are associated with Ripple.

Now that cryptocurrencies are on the rise, XRP has gained much popularity along with others. However, many people still have no idea what makes Ripple different from other cryptocurrency-related projects and how it can be applicable in daily life. Let’s find out the answers to these questions.

Advantages of using Ripple

Network capacity. Ripple can handle about 1,500 transactions per second. It’s comparable with traditional payment systems such as Visa and Mastercard and is far ahead of Bitcoin (3–7 tr/sec) and Ethereum (7–15 tr/sec). Thus, XRP has managed to overcome one of the biggest obstacles that prevents mainstream adoption of cryptocurrencies.

Designed for banks and used primarily by financial institutions, XRP is not likely to be used as a usual means of payment in daily life in the nearest future. But if you need to send money overseas, XRP has been positioning itself as an optimal solution for this, so look for a bank supporting Ripple in your region.

Transaction confirmation speed. When it comes to international money transfers, with XRP they take around 4 seconds. Compared with several minutes on Ether, up to several hours on Bitcoin and 3–5 days in traditional banks and financial services, the winner is obvious.


Centralised control. A vast majority or XRP still belongs to the issuer. Ripple just doesn’t follow the main idea of cryptocurrencies as a decentralised payment tool where every participant is the only one to control one’s funds. Also, such level of centralisation gives Ripple significant level of influence over its coin’s price.

Price volatility. Despite being used by banks, XRP price is as volatile as bitcoin’s and all other cryptocurrencies’, which makes XRP unsuitable for daily usage.


The possibility for XRP to be used for daily payments is really low, at least within the next few years, partly due to the fact that it was initially designed to become a global reserve currency. It also isn’t optimal for long-term investments as its price heavily depends on centralised financial institutions.

However, if you are looking for a fast way to send money abroad, here’s an ideal tool to do this. Log into your account and get yourself some XRP’s to accomplish this task!

Note: this article is a personal opinion. Before making any investment decisions you should consult with a professional.

The CPay Foundation Blog

News and Opinions on Bitcoin & Blockchain


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We are a blockchain enabled payment gateway providing bitcoin wallets, debit cards and innovative merchant processing. Visit: https://cryptopay.me

The CPay Foundation Blog

News and Opinions on Bitcoin & Blockchain