Bitcoin managed to recover some of the losses seen last week, but altcoins are definitely stealing the show. Most large
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
The United States is the only country claiming that XRP is security, not a currency, said the CEO of Ripple,
Ripple will stay true to its plans to go public if the company succeeds in the legal case against the
The Securities and Exchange Commission is asking the court to limit Ripple's access to internal documents, accusing the company of
XRP spikes by 20% to a new 3-year high at almost $2 as CoinShares announced the launch of an exchange-traded
Judge Netburn has sided with Ripple ordering the SEC to withdraw its six subpoenas sent to banks requesting personal financial
This week we saw the total crypto market cap reach $2 trillion for the first time. This happened as Bitcoin
Ripple’s CEO noted the positive outcome of the hearing between the company and the United States Securities and Exchange Commission.
XRP’s price has surged to a 3-year high of $1 as Ripple prepares for today’s hearing against the SEC.