In recent years we have seen the creation of the blockchain, thousands of altcoins, the market fluctuation, and recent acceptance among many online retailers. Now that the market has settled we can see which cryptocurrencies are sustainable and offer the best service to consumers across the world. Several Filipino online casinos are now accepting Ripple deposits.
Ripple has proven to be a viable service useful to many online consumers and retailers. Since 2013, Ripple has been utilized by many financial institutions as a remittance option for consumers. This acceptance has been crucial to their success and is one of the primary reason why many credible media outlets credit Ripple as one of the best cryptocurrencies available. Today, Ripple is considered by industry insiders to be the third biggest cryptocurrency behind Bitcoin and Ethereum.
This page was created to inform our readers about the pros and cons of using XRP to fund an online gambling account and to provide the necessary assets to assist our readers looking for more information about the popular cryptocurrency.
Is Ripple Legal To Use in the Philippines?
Yes, there are no Philippine gambling laws that prevent Filipinos from using Ripple or any of the other available cryptocurrencies online. PH gambling laws only restrict residents from accessing Philippine-based online casinos and similar gambling based services including sportsbooks, online poker rooms, racebooks, and others that are licensed by PAGCOR or the First Cagayan Leisure and Resort Corporation.
Best Filipino Ripple Casinos
The Following sites accept Ripple’s XRP and can be legally accessed while residing in the Philippines. Our team of industry professionals recommends the following sites as the best options available to XRP depositors. The following sites are known for their abundance of casino games, but also offers other services including sports betting, poker, and live betting all accessible with one single user account.
|Site Name||Bonus Offer||Accepts Filipinos?||Visit Site|
|100% Max $3,000||Visit Site|
|100% Max $100||Visit Site|
|Choose Reward||Visit Site|
|100% Max $1,000||Visit Site|
What is Ripple?
Ripple is a real-time gross settlement system that connects banks and payment providers via RippleNet. Created and released by Ripple Labs Inc. in San Francisco in 2012, Ripple strives to provide a frictionless experience for receiving and sending money across the globe.
Ripple uses their form of cryptocurrency known as XRP to deliver what they claim to be the fastest, most efficient, and most scalable digital asset in the world. XRP works similar to Bitcoin by using the digital XRP currency to transfer money between clients.
Are Ripple Casinos Legal in the Philippines?
There are no laws that prevent Filipinos from using offshore casinos or other offshore gambling services. The key here is offshore, as long as the online casino is located outside of Philippine licensing jurisdiction and hold a valid license from a trusted gambling regulator there is government restriction.
PAGCOR casinos and other privately owned Philippine casinos can accept Ripple’s XRT if they choose to do so, but since crypto is common among online retailers, it is not likely that any of the domestic casinos would accept the digital currency. Domestic casinos would more than likely accept Bitcoin over any other cryptocurrency.
How to Get Started Using Ripple
Funding an online casino account with Ripple’s XRT is similar to depositing with Bitcoin. First, the user must obtain a Ripple e-Wallet to hold their XRP. Toast Wallet is one of our favorites as it is free to obtain, holds XRP, and is compatible with iOS, Android, and Windows devices. Once you have obtained a Ripple wallet you are ready to purchase and store XRP.
How to Use Ripple at Online Casinos
Buying XRP is not as easy as buying some of the other popular cryptos such as Ethereum, Dash, or Litecoin. Ripple’s XRP is not as predominantly traded as some of the other listed above. Below you will find our recommendations for where to buy Ripple XRP.
Once you have purchased XRP you can fund an online casino account that accepts Ripple. Navigate to the cashier's page and choose the Ripple payment option. There you will see the currency value in USD and have the option to deposit as much XRP as you like.
How Does Ripple Work?
Ripple’s XRP works on the blockchain like Ethereum, Bitcoin, and others. Once a purchase or contract has been made, the blockchain will store that reference data. XRP is transferred like any other crypto with a send and receive code located in your Ripple e-Wallet.
Ripple Casino Bonuses and Promotions
To the best of our knowledge, we have not seen any specific Ripple casino bonuses from trusted online casinos. Online you will find plenty of Bitcoin bonuses, but due to the infancy of the cryptocurrency market, there are not many other crypto bonuses other than Bitcoin at this time.
How Secure is Ripple?
Ripple prides themselves on being the most secure crypto option available. They claim to have the most advanced blockchain that is scalable, secure and interoperates with different networks.
What Are the Benefits to Using Ripple At Online Casinos?
Philippine residents often find themselves in a currency dilemma when playing offshore casinos. Reputable offshore casinos that are available to Filipinos usually do not accept the Philippine peso. Therefore, crypto services such as Ripple gives Filipinos a way to fund their online accounts by purchasing XRP with Philippine pesos. Other benefits include:
What Are the Disadvantages To Having Ripple?
The biggest disadvantage would have to be how many online retailers accept the currency at this point. While some online gambling sites have started accepting XRP many others have not. Purchasing goods across the web with XRP is still in its infancy according to Ripple’s CEO Brad Garlinghouse.