![Ripple-Logo.png](https://steemitimages.com/DQmRTC2nywR1QoDwKctrz9mf9FahQdMSa4wRTMCYNLUJVTK/Ripple-Logo.png)

The digital currency is one of the most important and most popular digital currencies in the world, ranking third in terms of liquidity. A company called Open Queen, led by co-founder Chris Larsen, produced the digital currency in 2013 and raised a large number of funds from some large investors and some international companies. Chris Larsen explained that this central company serves the interests of Users on the currency and that the company is on its way to obtain 25% of all the quantities that are located in exchange sites and the alternative distribution of currencies. To get a clearer and easier understanding of the ruble coin, there are 10 key points that we will show to make the picture better.

* 1- What is the currency of the ripple?

The RIBLE is the most comprehensive denomination of the digital currency in exchange sites, currency exchange and symbol (XRP), and the open source payment network in which the currency is transferred. It is also a payment network that provides free payments worldwide with the possibility to deal and pay in any currency through the use of some exchange sites. The main objective of the Ribel is to enable individuals to free themselves from the limitations of some financial networks such as credit cards, PayPal, banks and other institutions that charge fees for exchanging currencies. Through the RIBLE currency, people and traders can deal with it for free without the need for licenses and without paying a fee.

* 2- What is the benefit of the ruble coin?

According to Reubel's Open Coin, it maintains liquidity and free flow of funds. The company has posted a blog on its website, "Ripel's Currency and Its Role in Money Transfer", which shows a brief history of global money transfers and is a sign of frustration Ways of institutions and banks to impede the transfer of funds because of their request for financial fees in addition to the delay in the transfer. As the company explains in the code, the main purpose and purpose of the Ribel coin is to build a decentralized digital currency approach developed by the currency of the homeowner, and pay money for what the Internet provides for all other forms of information.

* 3 - What is the function of the ripple coin?

"Payment systems today are the place where e-mail was used in the early 1980s, where every provider was providing its own system to its customers, and if some people used different systems they could not," David Schwarz, director of Ripel coding and encryption, explains. Interacting and dealing easily with each other; therefore, the Ripple coin was produced to connect the different payment systems. "

Schwartz also foresaw the possibility of seeing that "large companies lose control over liquidity and money flow easily to others and have also lost control over the flow and liquidity of information."

* 4- Who is the owner of the idea of ​​the ruble coin?

Open Queen was founded in partnership with CEO Chris Larsen and Jed Mkaleb. He is well versed in the digital currency and is currently dealing with the currency of Betcown in most deals worldwide. Chris Larsen co-founded and led the company online, and the company's other Ripel developers are also fully aware of the Betcuene currency.

* 5 - Is the currency of the ripple similar to Betquin?

The currency of the ripple is similar in terms of the digital format of the currency. Both currencies can be converted from one account to another without the need for third party intervention. Both provide digital insurance to protect against the possibility of counterfeiting money.

Does this mean that the Rival coin competes with the Betquin?

In fact, the Ripel is a complementary currency without the need for a rival with Bitquin. A Ripple currency system has been created to allow for the smooth transfer of any currency, be it the Dollar, the Pound, the Yen, or the Betquin. Stephen R. Thomas, the developer of Ripel's Currency Protocol, explains that the Ripple's currency will open a number of portals for Bitquin users to facilitate the prevailing financial practices in the world.

* 7 - How can Bitquin users benefit from the Ribel coin?

In addition to making it possible for multiple ways to connect and connect between different currencies, the ripple currency increases the stability of financial transactions; OpenQuin does not depend on a single company to manage and secure a database of various financial transactions. Pass through the company easily and quickly.

How much will the future of the RIBAL currency be?

The company is currently planning to provide nearly 100 billion riyals, half of which is planned for the financial deal, while the company plans to retain the remaining half.

* 9- Why was Ripel's currency completely free?

The RIBL system does not charge any fees, unlike PayPal and other credit cards. However, the RIBL system deducts a very small fraction (1/1000%) of each transaction in order to protect any individual trying Put millions of transactions at once against the regime that is exposed to it.

* 10 - How much is the value of the ruble?

The price of the riyal is different from time to time. At present, the price of one riyal is $ 0.218679, equivalent to 0.00012198 BTC. This increase continues due to increased demand for the currency.