Ripple

Ripple

Ripple, in short, XRP is a native currency of the Ripple Lab designed for cross-border payments. Like  Bitcoin, it is pseudo-anonymous except for some measures users may employ.

Learn about Privacy

Anonymous XRP - statement from the Ripple team

2 years ago, Nikolaos Bougalis, head of the C++ team @ Ripple posted a statement in which he discusses plans for anonymizing Ripple.

The purpose of the proposal was to ensure that if blinded tags are used, an attacker who has access to all payment transactions will be unable to isolate a pair of transactions that refer to the same unblinded tag. This proposal strived to be secure, minimal, and performant; ideally, tag blinding should have been implemented as a single function call that does not significantly increase the time it takes to put together a transaction. Using a blinded tag should not make it any more difficult for the intended recipient to complete a transaction.

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Can you sell Ripple anonymously?

Unlike some other cryptocurrencies, XRP, the native currency of the Ripple network, is not open source and is private for enterprise and individual remittances, and it is pseudo-anonymous, thus does not give full anonymity to its users. Although XRP is closed source and pseudo-anonymous, companies that integrated Ripple blockchain can access the source codes, and individuals can also buy and sell XRP anonymously using the following measures; 

  • Buy and sell XRP anonymously using anonymous wallets
  • buy and sell XRP anonymously by using anonymous exchanges to swap XRP and Bitcoin
  • Buy and sell XRP using credit cards on crypto ATMs like Shitcoins. 
  • trade XRP below the KYC/AML limits on crypto exchanges, ATMs, and wallets 

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