LIVE from Sibos: Mr. Phil Griffiths, CIBC

Centralised cryptocurrency is a digital resource built to work as a medium of exchange. Additional crypto-coins are created via mining. Everyone can participate by using their computer.

Mining requires a great deal of hours and electrical energy, though. A powerful computer is also needed, to do this effectively. However, XRP is a centralised coin, which can't be mined. A limited number of coins were generated by the company and this limit will never be added to. 

Keen to buy crypto-currency? Securing it is quite straightforward but investors must take care, whenever attepting an internet transaction of any sort.

Right now, more than half of all buys are completed over the internet. Online shopping is convenient and easy, which is why additional numbers of people are choosing this method instead of facing the throngs in the stores. The web also lets people to do more valuable analysis and secure the best deals. Even so, there still is a murky side to e-commerce. Here are the vital protocols, one should learn.

Always buy from your own home. Criminals can easily access your info when you make use of free-for-all wifi services, which means it's safer to purchase from your living-room than in internet cafes. Avoid making purchases while connected to bus stations, guesthouses or other free connected public areas.

Steer clear of social network offers. You cannot trust these sorts of deals as many URLs are abbreviated. This means buyers cannot be confident that the link takes you to a proper website.

Pay with your credit card. Never use a debit card. The majority of debit cards require that fraudulent purchases are reported in under two days to obtain limit liability. Don't wire cash to companies. You cannot get your cash refunded if you do this. Make sure you look at credit card bills. Sort online receipts inside a secure email folder, then you can crosscheck payments.

Never provide any excess information. You don't have to provide a driving license number. They shouldn't ask your social security details either. Should the site demand this info, it is untrustworthy. Choose lengthy passwords that you still can visualize. Then if your computer to remember passwords, always select 'No'. Should another individual gain access to your machine they could potentially discover your credit card info.

Watch you don't fall for gift card schemes. When you are sent an email which says you are going to be sent a gift card but also requests your credit card info, ignore it. Law-abiding retailers will not request this type of info. Please remember this, because it's necessary that buyers act wisely when shopping over the net. Purchase from home and first establish that the seller is genuine.

Be sure to add to your bookmarks and check back regularly to find out about everything happening with Ripple.