Casino types
Ripple is both a cryptocurrency (XRP) and a payment platform created by Ripple Labs. The company was founded in 2012 and is located in San Francisco, California.
It focuses on offering real-time services in currency exchange and settling payments. This payment option is safe as it does not ask for personal information and there has not been any case of hacking or theft.
Ripple operates like all other cryptocurrencies. Gamblers require a Ripple wallet (either hardware or software) to receive and send money. This deposit method is efficient because it uses a distributed blockchain system. It has gained popularity amongst many gamblers because it does not need an intermediary.
It is better than Bitcoin, which has a centralized system and takes longer for transactions to go through. Unlike Bitcoin, which takes an hour to process payments, Ripple only takes a few seconds and players can begin playing immediately.
It is easy to use Ripple at casinos. Players only require a wallet that supports Ripple. Gamblers will receive further instructions from the casino on how to withdraw or deposit with this payment system.
Advantageously, Ripple supports both deposit and withdrawal of funds to and from the casino accounts and the players’ wallets. Regrettably, there are not many casinos supporting this system.
However, due to the popularity of Ripple and cryptocurrencies, the number is likely to grow in the future.