Online casinos are accepting more and more new cryptocurrencies for slots play. And Ripple slots are suddenly becoming a force within the industry.
Keep reading if you want to know more about this crypto and how to play slots with Ripple.
What Is Ripple?
Ripple (XRP) is a real-time gross element system (RTGS) and currency exchange. It’s built upon an open source internet protocol that uses a decentralized asset known as XRP.
Released in 2012, Ripple’s main function is to help people exchange international currencies of any kind. Furthermore, XRP is designed to work faster than the banking system in exchanging one currency for another.
You sometimes have to go through several banks to complete a transaction that, for example, involves exchanging the US dollar for Swedish krona. This is a time-consuming process that can take a while to complete.
Ripple, on the other hand, speeds up this process so that you can complete currency-to-currency exchanges much faster.
The easiest way to purchase XRP is by visiting a fiat exchange site that allows you to buy this cryptocurrency directly. For example, Bitpanda lets you purchase Ripple with any major credit card.
From here, you can either send the XRP to a wallet, keep it on an exchange, or send it to another exchange (e.g. Binance).
How to Use Ripple to Play Online Slots
Once you’ve bought XRP, the next step is to deposit it into your online casino of choice. I won’t get into selecting cryptocurrency casinos, but you can find plenty of quality sites that accept Ripple.
The main thing you need to worry about is visiting the casino banking section and finding their wallet address. Once you have a wallet address, go back to where your XRP is stored and send some/all of your crypto to the casino’s wallet.
Online casinos currently allow you to play provably fair slots with Ripple. Provably fair slots see each spin recorded on the blockchain (public ledger) so that you can check to make sure every bet is fair.