Ripple Casinos - Safe Deposit

Ripple is many financial services rolled into one. For the purpose of this article, it is viewed as a digital payment network and a cryptocurrency. The Crypto symbol for Ripple is XRP. Defined as a Real-Time Gross Settlement System (RTGS), the platform was founded in 2012. However, after that initial release, it was again given a 'stable release in 2018. RTGS is a system that allows money transfer from one bank to another in real-time. This is a key feature that encourages the use of Ripple in online casinos.

The American platform runs on Linux, Windows, and macOS operating systems. It is most popular in the US both as a trading cryptocurrency and as a money transfer system. However, this popularity dipped at some point in 2018 when the platform faced a class action suit. It has since recovered and is now a popular coin again.

As online casinos continue to accept cryptocurrency payments, Ripple is at the forefront. It has, in 2020 and 2021, had a great boost in popularity due to its low energy use in comparison to Bitcoin and other crypto. Two researchers compared the energy needed to run a server on ripple to what one would require to run an email server- pretty little energy.

When using Ripple to deposit in online casinos, the most commonly necessary part of it is the XRP- the coin. However, players who have more than one bank account can use it to transfer money from one account to the one that is connected to their casino account.

Like with all other forms of payment, depositing with Ripple is initiated from the casino account. The player opens their deposit tab and picks Ripple as the method they would like to use. The casino has to, obviously, accept Ripple as a deposit method. The site then takes the player to the Ripple site, where normal payment steps are followed. Most casinos do not charge for this kind of transaction.

Many older casinos do not appear to have embraced Ripple yet. The deposit method is more popular with newer and innovative casinos that are looking to shake off the norm. These include Nomini, BetMaster, BoaBoa, Cadoola, Paripesa, and CampoBet.

The use of Ripple as a deposit method is likely to keep growing as more and more casinos and players embrace crypto transactions.