As crypto adoption surges globally, India is no exception. Investors in the country are looking at leading cryptocurrencies like Ethereum (ETH) and Ripple (XRP), each with unique benefits. Ethereum is often called the backbone of decentralized finance (DeFi) and smart contracts, while Ripple (XRP) is celebrated for its fast and efficient cross-border payment solutions.
In this guide, you’ll learn how to buy Ethereum and Ripple securely through the Plena Super App and understand each asset’s strengths.
Ethereum: The Future of Decentralized Applications
Ethereum, the second-largest cryptocurrency by market capitalization, is not just digital gold. A programmable blockchain powers thousands of dApps, including DeFi protocols and NFTs.
Key Ethereum Features:
- Smart Contracts: Ethereum’s self-executing contracts revolutionized transactions by eliminating middlemen, giving rise to platforms like Uniswap and Aave.
- DeFi Dominance: Nearly every major DeFi project, from liquidity pools to yield farming, is built on Ethereum.
- Ethereum 2.0 Upgrade: Ethereum’s shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS) aims to address long-standing concerns about scalability and energy efficiency, making Ethereum greener and faster.
How to Buy Ethereum in India Using Plena Super App
- Download the App: Install the Plena SuperApp from your app store and set up your wallet.
- Navigate to Buy Section: Go to the “Buy” section to purchase cryptocurrencies.
- Payment Method: Choose a payment provider (MoonPay, Ramp, or Onmeta) to complete your transaction in INR.
- Select Ethereum (ETH): Choose Ethereum from the list and enter the desired amount in INR or ETH.
- Confirm Purchase: Review the details and confirm. Your ETH will appear in your wallet in minutes.
Ripple (XRP): The Cross-Border Payments Solution
Ripple’s XRP focuses on cross-border payments, and it has already become a significant player in remittances and international transfers, particularly in markets like India, where remittance inflows are massive. According to Ripple, XRP can settle transactions in near real-time, outperforming Bitcoin and Ethereum in speed and transaction cost.
Key Ripple Features:
- Fast Settlements: XRP transactions settle in seconds, compared to the minutes or hours it can take on other blockchains.
- Low Transaction Fees: XRP is known for its low-cost global remittances, which are an attractive feature for cross-border payments.
- Adoption by Financial Institutions: XRP’s technology is being used by major banks to streamline cross-border transactions, especially in regions like India, where Ripple has been working on digital currency projects with local financial institutions
How to Buy Ripple (XRP) in India Using the Plena Super App
These steps will demonstrate how to buy Ripple in India :
- Download and Set Up: Install the Plena Super App and set up your wallet.
- Buy Section: Navigate to the “Buy” section and select a payment method.
- Choose Ripple (XRP): Select XRP from the list and input the amount in INR or XRP.
- Confirm Purchase: Double-check all transaction details and confirm your purchase. Your XRP will show up in your wallet shortly.
Ethereum vs. Ripple (XRP): Which One Should You Buy?
Ethereum is the go-to for DeFi and DApps. Its upcoming upgrades and robust ecosystem make it a solid long-term investment, particularly if you’re bullish on the future of decentralized applications and smart contracts.
Ripple (XRP) is ideal if you’re looking for a play on cross-border payments and remittances. With continued adoption by financial institutions and use cases in remittances, XRP is positioning itself as a bridge between traditional finance and crypto.
Why Choose Plena Super App?
- Self-Custody: Unlike centralized platforms, Plena gives you complete control of your private keys, ensuring security.
- User-Friendly: The app is designed for beginners and advanced users, simplifying buying, storing, and managing crypto.
- Security: Plena provides advanced security features like multi-factor authentication and encryption.
- DApp Support: You can explore over 150 decentralized applications, making it more than just a wallet.
Conclusion
Whether you’re eyeing Ethereum for its DeFi dominance or Ripple for its cross-border solutions, both offer exciting opportunities in the crypto space. And with the Plena Super App, buying, holding, and using these assets is easier than ever.
With Ethereum’s massive DeFi ecosystem and Ripple’s role in cross-border payments, Indian investors are uniquely positioned to benefit from these two powerhouses as the country sees a surge in crypto adoption.
