{"id":2992,"date":"2019-09-05T10:09:54","date_gmt":"2019-09-05T02:09:54","guid":{"rendered":"https:\/\/www.coincola.com\/blog\/?p=2992"},"modified":"2021-07-01T11:21:13","modified_gmt":"2021-07-01T03:21:13","slug":"where-to-buy-xrp-in-nigeria","status":"publish","type":"post","link":"\/blog\/where-to-buy-xrp-in-nigeria\/","title":{"rendered":"Where to Buy XRP in Nigeria"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">After the massive success of bitcoin in the global market and bitcoin hitting $228 billion in 2017, bankers and government began looking at ways of not getting out of business because that $288 billion was made without the aid of the banks. This move was made because bitcoin made it possible for people to send and receive money without the need for a bank or 3rd party.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This made some of the group of ex-bankers team up to create a cryptocurrency called XRP, for cheap cross border payment. XRP will help banks maintain market relevance in this era of decentralized finance and increased crypto adoption across the world, most\u00a0 especially in Nigeria. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<p><span style=\"font-weight: 400;\">XRP was built for the banks and has a central control, making it not as decentralized as BITCOIN is but also a reliable way for banks to reduce the cost of cross border payments. It&#8217;s important to note that RIPPLE is the platform and XRP is the cryptocurrency. The platform is an open-source protocol that allows fast and cheap transactions across borders with XRP.<\/span><\/p>\n<p><b>Platform and Banks using or experimenting XRP for cross border payments:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Deloitte<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Chiba Bank<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Commonwealth Bank of Australia<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">DBS Group Holdings<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Credit Union<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Bank of England<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Bank of Yokohama<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Yes Bank<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">North Pacific Bank<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Royal Bank of Scotland (RBS)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">SBI Sumishin Net Bank<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">SBI Holdings<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Western Union<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">RIPPLE as a company is looking at getting the top 100 banks in the world to start using XRP as a cross border token for cheaper transactions and a way for <\/span><a href=\"https:\/\/cointelegraph.com\/news\/sbi-holdings-subsidiary-to-pay-shareholders-dividends-in-xrp\"><span style=\"font-weight: 400;\">banks and financial services to pay their workers<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0 If this happens, XRP as a coin is expected to hit a market capitalization of over $1 trillion before the next 5 years and this could have a direct impact on the price of each XRP coin. In the last bull run, the price of XRP rose from 0.3 to as high as $3 per coin. One question that comes to mind is\u00a0 \u201cwhat would happen if the market cap gets up to $1 trillion?\u201d<\/span><\/p>\n<p><b>How to buy XRP on CoinCola<\/b><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Create an account on <\/span><a href=\"https:\/\/www.coincola.com\/\"><span style=\"font-weight: 400;\">coincola.com<\/span><\/a><span style=\"font-weight: 400;\"> with your email or phone number:<\/span><\/li>\n<\/ol>\n<p><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-2994 aligncenter\" src=\"https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/09\/01-477x1024.jpg\" alt=\"\" width=\"403\" height=\"865\" srcset=\"https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/09\/01-477x1024.jpg 477w, https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/09\/01-140x300.jpg 140w, https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/09\/01.jpg 596w\" sizes=\"(max-width: 403px) 100vw, 403px\" \/><span style=\"font-weight: 400;\">2.Click <\/span><b>OTC <\/b><span style=\"font-weight: 400;\">and select <\/span><b>XRP<\/b><span style=\"font-weight: 400;\">.\u00a0 The default view you will see is the <\/span><b>BUY <\/b><span style=\"font-weight: 400;\">order. To sell, click \u201c<\/span><b>SELL<\/b><span style=\"font-weight: 400;\">\u201d at the top center of your screen:<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-2995 aligncenter\" src=\"https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/09\/02-477x1024.jpg\" alt=\"\" width=\"411\" height=\"882\" srcset=\"https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/09\/02-477x1024.jpg 477w, https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/09\/02-140x300.jpg 140w, https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/09\/02.jpg 596w\" sizes=\"(max-width: 411px) 100vw, 411px\" \/><span style=\"font-weight: 400;\">3.Choose a price that is suitable for you and make your trade by following the trade guidelines. After the trade,\u00a0 your new balance can be viewed in your wallet:<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-2996 aligncenter\" src=\"https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/09\/03-477x1024.jpg\" alt=\"\" width=\"417\" height=\"895\" srcset=\"https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/09\/03-477x1024.jpg 477w, https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/09\/03-140x300.jpg 140w, https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/09\/03.jpg 596w\" sizes=\"(max-width: 417px) 100vw, 417px\" \/><\/p>\n<p><b>Other interesting topics:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Understanding Bitcoin Node: <\/span><a href=\"https:\/\/www.coincola.com\/blog\/understanding-bitcoin-node\/\"><span style=\"font-weight: 400;\">https:\/\/www.coincola.com\/blog\/understanding-bitcoin-node\/<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The vendor fee on CoinCola Transaction fee is down from 0.7 to 0.1 %: <\/span><a href=\"https:\/\/www.coincola.com\/blog\/low-fee-bitcoin-trading\/\"><span style=\"font-weight: 400;\">https:\/\/www.coincola.com\/blog\/low-fee-bitcoin-trading\/<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">CoinCola: a Better alternative for sending money in and out of Nigeria: <\/span><a href=\"https:\/\/www.coincola.com\/blog\/coincola-better-alernative-for-sending-money-in-and-out-of-nigeria\/\"><span style=\"font-weight: 400;\">https:\/\/www.coincola.com\/blog\/coincola-better-alernative-for-sending-money-in-and-out-of-nigeria\/<\/span><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>After the massive success of bitcoin in the global mark&#8230;<\/p>\n","protected":false},"author":12,"featured_media":2997,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false},"categories":[296],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - 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