Accesswire retracts claims that Ripple and the SEC have concluded their legal battle. Ripple’s main lawyer says the story was
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 blockchain payment processor Ripple has decided to dip its toes into the growing NFT world.
Rosie Rios implies that XRP is superior to Bitcoin and Ethereum (among other cryptocurrencies). But is this true?
NFTs on Ripple's blockchain? Who would have thought! RippleX just gave over $2 Million in grants for developers working on
The central bank of Bhutan teamed up with Ripple to pilot a CBDC that could increase the country's financial inclusion
Ripple wanted to have a list of all the crypto transactions made by people working for the SEC. A Federal
The US SEC has won access to Ripple’s missing internal Slack messages after the company handed over only a fraction.
The company’s recent motion cites a five-year window in which SEC members were “free to buy, sell, and hold XRP”.
GME Remittance would now be able to establish a financial bridge between South Korea and Thailand by operating on Ripple's
US Judge has approved Ripple's request to receive access to documents from Binance in its ongoing legal case against the