Ripple continues its expansion by partnering with a Thailand-based fintech company called DeeMoney. The latter will utilize Ripple’s global financial
Ripple is a protocol that has its native cryptocurrency. The platform represents an open-source protocol that is intended to allow for quick and cheap transactions.
The cryptocurrency that the platform uses is called XRP. It is one of the veterans in the space, and since 2014 it’s showing up consistently among the top cryptocurrencies by market cap.
Unlike the majority of the cryptocurrencies, Ripple doesn’t really have a blockchain, per se. Instead, they use their own patented technology called the Ripple Protocol Consensus Algorithm (RPCA).
The average transaction time for Ripple is a lot less than that of other major cryptocurrencies such as Bitcoin and Litecoin. This allows for quick international transactions, and that’s where the company places its focus – to be used as a medium of exchange for international and cross-border payments. This is why the company has entered into a few partnerships with some banking systems. Among the banks that work with Ripple include Santander, Rendimento, and Interbank.
Naturally, there are also some downsides to Ripple, mainly stemming from the fact that it is centralized, which goes against a lot of what cryptocurrency proponents stand for.
Recent Ripple News
Ripple has recently partnered up with a European online remittance service company, Azimo. The former will leverage Ripple’s On-Demand Liquidity
Ripple’s expansion continues with a new partnership in Egypt. The country’s national bank has recently signed a co-operation agreement to
The largest cryptocurrency derivatives exchange, BitMEX, is launching a new perpetual swap contract pair to its platform. Starting tomorrow, users
Bitcoin Bitcoin saw a 7.51% price increase over the past week that allowed it to rise above the previous range
Ripple is looking to expand its presence in Asia, forming a new partnership with Siam Commercial Bank. The latter will
Binance was on a roll in 2019, and it doesn’t appear to stop this year with new features on its
Ripple, the company behind the third-largest cryptocurrency XRP, will be reportedly expanding its presence in Brazil. Just months after it
After A Disappointing Christmas, Bitcoin Price Consolidates Around $7,200: Thursday Crypto Market Watch
After having a gloomy Christmas, the only relief for traders today is that Bitcoin is still holding support at the