Ripple Casinos - Safe Deposit

Ripple started life in 2012 as OpenCoin, and it is a product of many years of work between Chris Larsen, Jed McCaleb, and Ryan Fugger. These three tech wizards aimed to create a monetary system that could empower individuals rather than organizations, governments, or banks. Rather than having one powerful entity to verify transactions, the founders saw it fit to run the network on blockchain where verification would occur via consensus, making it difficult for fraudsters.

In 2013, the network name changed from OpenCoin to Ripple Labs, Inc., following a significant financial boost from angel investors. This attracted major banks which wanted to use the Ripple network. At least 100 institutions registered to use the network. Ripple Labs, Inc. is headquartered in San Francisco, California.

Lawsuit

While the widespread of Ripple usage came as good news for the company, some serious problems cropped up along the way. In 2018, a lawsuit was launched against Ripple by the US Securities and Exchange Commission on the basis that the former had unlawfully created billions of coins of nothing and sold them to the public for huge profits. Ripple denied these claims. However, such allegations were enough for Ripple crypto to be delisted from the Coinbase platform.

Still Going Strong in the Midst of a Storm

Despite the issues above, Ripple is still moving from one strength to another. Just before the lawsuit, the Ripple crypto's price trebled never to crash. In fact, the company's future looks even brighter should it win the case, which is projected to be concluded in 2023. The widespread adoption of Ripple means it's now available for live casino deposits and withdrawals worldwide. As of 2022, It is the third-largest crypto, only behind Bitcoin and Ethereum.

Using Ripple at any live casino is incredibly easy if you take the following steps:

1. Initiating the withdrawal: This involved logging in to one's casino account, clicking on Withdraw tab, selecting Ripple as a withdrawal method, and entering the amount of winnings to withdraw.
2. Providing a Ripple wallet address: Ripple tokens must be stored in a wallet; hence, opening a Ripple wallet is essential to playing at Ripple live casinos. Each wallet comes with a unique address. The player will need to enter this address in its designated space when withdrawing winnings.
3. Confirmation: Once every field has been filled, the player must check all the information to ensure it is correct. It should not be forgotten that crypto transfers are irreversible.

After completing the above procedure, the casino will verify the transaction, which takes minutes or a few hours. Most live online casinos have withdrawal limits, which are unique to the casino you choose. It is worth noting that these limits have nothing to do with Ripple but the casinos themselves. So before deciding on an online live casino that allows Ripple payments, check the limits and ensure that they work for you.

In addition, most casinos do not offer transaction fees on Ripple payments. This means that the only fees you could be looking at are Ripple charges.

There is a lot to love about Ripple for making online payments. The fact that players can make and receive payments in a matter of seconds makes it a lot more appealing than most crypto payments out there. Better yet, Ripple is secure, safe, and private.

Headquartered in the United States, there is no doubt that Ripple is popular in the country. And with the company set to win its court battle, it can only become even more popular. The fact that XRP is legal in the most powerful nation says it all as far as its popularity is concerned.

While Ripple Lab Inc. is a US-based firm, it has operation offices in at least six other countries (as of 2022), including the United Kingdom, Singapore, and India. Iceland, Brazil, and the United Arab Emirates are also covered. As the usage of Ripple continues to spread, more and more countries are likely to throw their weight behind this crypto.

Supported Currencies

Like other cryptocurrencies, Ripple is available on many exchange platforms. One could use fiat currencies, such as USD, CAD, AUD, EUR, and GBP, to purchase XRP tokens. They can also sell their tokens for these currencies.

The so-called crypto-centric gambling space has now become super competitive. That's because many crypto gaming platforms have entered the market. With each Ripple casino attracting players, there must be bonuses.

• Welcome Bonuses

Welcome bonuses in live casinos can be claimed only once. Attempting to abuse this bonus by owning multiple casino accounts may result in serious consequences, including bonus revocation and/or account suspension. So, how does the bonus work? Simple; players register with the live casino and make an initial deposit. The casino gives them a percentage of that deposit so that their starting balance is the deposit plus the bonus.

• Reload Bonuses

The best live casinos offer are reload bonuses as a means to keep gamblers on their platforms long-term. Anyone is eligible for this bonus so long as they have an active account.

• Cashback

When players exhaust their bankroll and think that's the end of the road, live dealer casinos may be generous enough not to take everything by giving back a small percentage of the loss to the player. This is known as a cashback bonus.

What Players Need to Know About Ripple Casino Bonuses

Generally, players must break a sweat to cash out bonus winnings. For instance, there are wagering requirements to be fulfilled in the case of welcome and reload bonuses, and not all top live games may count towards fulfilling these requirements. Bonuses also come with an expiration date.

Ripple live casinos are one of the best gaming destinations for many live dealer game lovers. These platforms are popular because they deliver numerous benefits.

| | For players who love privacy, Ripple is an ideal choice since it allows them to play anonymously. With this option, players don't need to submit their personal data. In other words, there is no room for identity theft since nobody knows who is transferring money. | | | Ripple casinos are very safe. Players don't need to send their credit card number or banking information. | |

Ripple payments are well protected with multiple security measures. For instance, a wallets address is generated for each booking when depositing money, and no Ripple transaction can be completed without a unique ID, which provides an extra layer of security. But depositors must never forget that a slight mistake in typing the address or failing to enter the destination tag could mean saying goodbye to their money. Thus, rather than entering the address manually, users are advised to copy and paste it. Yes, fingers can slip.

Contrary to what happens in other blockchains where transactions are validated by miners, Ripple has a team of validators designed to do the job. These validators come from centralized institutions, such as well-known banks. This reduces the chances of fraud significantly.

Unlike other cryptos, such as Bitcoin, which are so volatile, Ripple is not volatile. It is centralized, and its tokens are already mined. And while it may not be ideal for crypto investors who want to make a fortune fast, it is a sure bet for casino players because the value of their winnings will always be intact.