Ripple (XRP)

Ripple token or XRP is an independent digital asset, native to the Ripple Consensus Ledger. Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native currency (XRP).

Released in 2012, Ripple purports to enable “secure, instant and nearly free global financial transactions of any size with no chargebacks.” It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. At its core, Ripple is based around a shared, public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.

Cryptocurrency Market Tops $127 Billion, Bitcoin Price Sets New ‘Global’ All-Time High of $3538
August 11th, 2017

The value of bitcoin continues to break new records amid rising investor demand, while crytocurrency market cap reaches historic mark.

Cryptocurrency Market Tops $117B as Bitcoin Price Sets New All-Time High of $3384
August 7th, 2017

The price of Bitcoin is hovering at a record high, following a surge over the weekend, while Bitcoin Cash price more or less leveled off.

Bitcoin and Ethereum Prices Climb to New All-Time Highs at $2300 and $200 Respectively
May 22nd, 2017

Two leading virtual currencies achieved fresh record highs on Monday, stimulated by the increasing interest from investors around the world.

Bitcoin Market Capitalization Drops Below 50% for the First Time as Ripple’s Cap Tops $12B
May 16th, 2017

Bitcoin’s share of the combined value of the cryptocurrency market decreased below 50% for the first time in the history of the virtual currency.

Ripple Partners with Major Banks to Create Global Blockchain Payments Network
September 24th, 2016

A number of the world’s leading banks have partnered to form Global Payments Steering Group, the first interbank group for payments based on the blockchain technology.

Blockchain Startup Ripple Raises $55 Million From Big Banks
September 16th, 2016

Ripple is proud to announce that it has significantly expanded the list of its customers and investors.

Mizuho Financial Group to Pilot Ripple for Cross-Border Payments
July 20th, 2016

Mizuho has become one of the first Japanese banks to adopt blockchain using Ripple.

NYDFS Issues Second BitLicense to Ripple Labs
June 13th, 2016

BitLicense was granted after a thorough study of Ripple’s standards by New York Financial Watchdog.

Royal Bank of Canada Teams Up with Ripple for Blockchain Remittance System
February 25th, 2016

The Royal Bank of Canada aims at transforming traditional transaction process to decrease operational costs and boost efficiency.

Santander Invests in Ripple as Startup Releases Interledger Protocol
October 9th, 2015

Ripple has got several millions of investment from Santander and came up with a new protocol designed to increase transactions efficiency.

The Royal Bank of Scotland Trials Ripple After Latest IT Failure
June 26th, 2015

The Royal Bank of Scotland is going to invest in the Ripple technology as part of the its transaformation plan.

FinCEN Slaps Ripple Labs with $700K Fine
May 6th, 2015

The Financial Crimes Enforcement Network (FinCEN) assessed a $700,000 civil money penalty yesterday against Ripple Labs Inc for ‘willfully violating several requirements of the Bank Secrecy Act (BSA).’

Ripple and Stellar: Two Jed McCaleb’s Creations Struggling against Bitcoin
February 7th, 2015

A great fight between two bitcoin 2.0 contenders created by Jed McCaleb “grips the crypto world.” Who’s going to win?