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.
In a bid to uncover how NFT transactions may impact the XRPL, the developer team set out to test the ledger’s capacity.
Garlinghouse also stated that his company has no “no assholes policy”, a statement which many believe was a subtle jab aimed at Kraken CEO Jesse Powell.
The recent market downturn has seen the crypto market move in tandem with stocks.
Besides its goal to bring more ways for its customers to be paid, Novatti Group also considers the stablecoin integration as a viable stream of income.
Real-time gross settlement system Ripple will consider going public with an IPO after it ends its current legal tussle with the SEC, according to Brad Garlinghouse.
The decision to add XRP to SBI’s payment options comes as no surprise given that the two companies are on a joint venture to promote the use of XRP in Asia.
Ripple disputed the assertion stating XRP should be treated like a cryptocurrency and not a security offering.
The SEC has exactly 2 weeks to file an appeal with respect to its motion denial, and the commission’s response within this time frame is crucial as it may set a precedent for related cases in the near term.
Linqto, a company that trades private equity for crypto companies, before public listing, said that it has sold $50 million of stocks for Ripple Labs. This happened despite Ripple’s ongoing case with the US SEC.
According to the legal team representing Ripple CEO Brad Garlinghouse, the SEC is acting “inappropriately” and should be sanctioned.
The individual defendants from Ripple argue that the SEC has prolonged the case long enough to request additional time.
The Arab Regional Fintech Working Group puts RippleNet in an important position regarding the future of blockchain-based financial institutions.
“Contributing to Open Source” is the official theme for Wave 3 of XRPL Grants Program by Ripple.
Michael Warren has been instrumental in helping businesses overcome regulatory challenging and is likely to play an active role by being on Ripple’s board.
The Ripple CEO stated that Russia could not use crypto to escape the impact of the global sanctions.