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.
Ripple posted several job openings earlier this month, of which one was for a lead digital designer.
Scammers have a new style of gaining access to verified, and highly reputable accounts and using them to promote their fake links.
The trade volume of XRP increased by $7 billion during the past week.
XRP traders are buying up the token amid speculation that Ripple and the SEC might soon settle their legal dispute.
The music company also added that NFT audio will also be released as part of the collaboration.
After the back and forth between Ripple and the SEC, both parties have filed motions for summary judgment.
There are speculations about what cryptocurrency Russia will use for cross-border payments.
More than 37,000 PwC Venezuela Twitter followers were able to see the Tweets on the hacked page for quite long, about 8 hours.
CryptoLeaks revealed that Roche, who is accused of executing Ava Lab’s dirty work, also allegedly represented Ripple in a lawsuit that claimed that XRP was an unregistered security.
According to Brad Garlinghouse, Brazil is a critical marketplace for the company as it is of great prominence to entire Latin America, and the beginning of this initiative will ultimately encourage Financial Technology innovation in the entire region.
While investors are supposed to react positively to the news in the crypto space, the opposite is exactly what is being recorded.
Last quarter, Ripple sold $408 million worth of XRP tokens in Q2, a 49% jump from the previous quarter.
With Ripple’s ODL, FOMO Pay may now provide instantaneous and more efficient payment services to its users around the globe.
The SEC has filed objections against XRP holders and attorney John E Deaton who are aiding Ripple in its defense against the regulator.
A number of XRP proponents seem to be celebrating the dumping of the XRP tokens by Jed McCaleb for reasons that may be personal to these individuals.