Heres What Makes Ripple (XRP) Ideal For Online Gambling

The rise of cryptocurrency has opened up new opportunities for the global online betting industry and today the number of betting sites and online casinos accepting cryptocurrencies is growing at an unprecedented rate. 

But what if you dont own Bitcoin or Ethereum? While these are the most popular cryptocurrencies fuelling the growth of the online betting market, there are other, just as valid options, such as Ripple. Heres why XRP should be your coin of choice when gambling online. 

Ripple (XRP): An Overview

Unlike other cryptocurrencies like Bitcoin, Ripple is built specifically to streamline payments between financial institutions databases. XRP - which is the native crypto coin of the system created by Ripple Labs - is running on its own blockchain infrastructure (XRP Ledger), which enables instant, secure, and trustless international transactions. 

While most coins are now in what is called a crypto winter, NASDAQ predicts that XRP could reach a value of $3.61 by the end of 2025. But what made Ripple the third-largest cryptocurrency in the world is its ambitious goal to become the preferred tools for international banks to transfer money and complete cross-border payments. 

Choosing XRP For Online Gambling: What Are The Benefits

Online gambling and betting are one of the most popular entertainment use cases for Ethereum and other cryptocurrencies like Bitcoin. But the unique features of XRP might make it an even better choice for gamblers. 

Here are some of the benefits of choosing an XRP-friendly casino:

• XRP transactions (including deposits and withdrawals) are much faster than Bitcoin or Ethereum transfers, which take several minutes
• With the average transaction cost standing at a fraction of a cent, XRP payments are low-cost or nearly free of charge.
• The Ripple system is among the safest infrastructures for payments and it is backed by main financial institutions like Santander
• Unlike Bitcoin, XRP coins are pre-mined and already in existence, making them immune to inflation

Tips For Online Gamblers Using Ripple

Choose Your Casino Wisely

There are a few key factors to consider if you are looking to choose your preferred XRP casino. Firstly, the availability of XRP-friendly games and features is a must. Choosing a casino that only offers a few games might limit your winning and entertainment opportunities. 

Other factors to keep in mind include:

• Security and privacy standards
• Availability of bonuses
• House-edges and fees
• Certifications and licenses
• Customer support standards and tools

Understand Market Fluctuations

While XRPs price has reached an all-time high of $2.7593 in the past, recent market fluctuations have caused the coin to lose nearly 50% of its value in just 30 days. 

While the high volatility is a common feature among all cryptocurrencies, it is especially important for gamblers taking a bet on XRP to understand what impact these market fluctuations can have on their winnings. Keep an Eye on Emerging Trends

XRP has been steadily growing since its debut in 2018, and today, it holds a whopping market capitalization of $17.3 billion. However, events that have taken place over the past years, including the lawsuit launched by SEC in 2020, have shaken Ripple to the core. 

If you are looking to invest in this cryptocurrency and use it for most of your withdrawals and deposits, you might be able to capitalize on possible IPOs and the appreciation expected to take place over the next 3-8 years.

On the other hand, the lawsuits outcome can have a severe impact on the value of your investment. 

In any case, Ripple gambling will remain legal and safe regardless of upcoming market fluctuations and trends, and opting for this cryptocurrency instead of Bitcoin or Ethereum can be an excellent way to enjoy secure and fast transactions.