$0.75
1H
-0.86%$0.0065
24H
-1.82%$0.0138
7D
21.8%$0.1337
30D
14.0%$0.0917
XRP was released in 2012 as a native cryptocurrency for RippleNet – a global payment network that scores hundreds of financial institutions. The purpose behind creating XRP was to build “the Internet of value” and enable cheap and more scalable transactions. XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently. Besides, XRP transactions rely on a consensus protocol in order to validate account balances and transactions on the system.
XRP runs on XRP Ledger, maintained by various independent participants of a global “XRP Community”. Every XRP transaction requires an agreement from the independent validator nodes. This agreement is called consensus and serves as the final and irreversible settlement. The ledger reaches a consensus on all transactions every 3 to 5 seconds.
The total supply makes up 100 billion XRP tokens.
The availability of the Ripple ODL option in Japan means customers of RippleNet can leverage the digital asset XRP to eliminate pre-funding and reduce operational costs.
Founded back in 2008, Tranglo has grown to an international payment processing company with 1,300 payout partners.
Elon Musk’s comments led to a spike in the price of cryptocurrencies especially post the one where he revealed he had plans of keeping the currencies for the long term.
The news comes as a relief to the Ripple community, which claims that the exchange medium can not be considered as a security.
Crypto derivatives exchange Bybit is set to launch a crypto spot trading feature that will further facilitate steady crypto purchases and sales activities.