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.
Bank of America admits that Ripple offers a truly innovative solution. But there is still a question whether it will impact the XRP price positively.
The year is coming to its end and it’s time to announce the results. Cryptocurrencies have become the best performing asset class of 2019.
Crypto keeps falling slowly.
Ripple Labs unveiled new features for the Xpring platform that it had officially announced 2 months ago.
Amun’s ETP products for Bitcoin, Ethereum and XRP will be available on Germany’s Boerse Stuttgart and Swiss SIX exchanges.
It has become known that crypto exchange OKEx will launch Bitcoin options trading later in December.
Although XRP faces a current moment upswing, this might be a good correction, as both the medium and long-term structure is in a downtrend.
A group of ex-Morgan Stanley core developers announced the launch of Phemex, a ‘high-speed’ crypto derivatives platform for the retail and institutional investors.
Despite the fact that XRP is actively used by Ripple in many of its solutions that are gaining popularity, it may become the worst-performing major crypto in 2019.
Binance is continuing its expansion in the crypto industry. It has acquired a China-based decentralized blockchain startup DappReview for an undisclosed sum.
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This month’s release of funds means that another $220 million worth of XRP is available for Ripple to use as they see fit.
While being unable to break through the near term technical resistance level at 0.2289, the XRP/USD may exit beneath after reaching the level at 0.2295 earlier this day.
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Revolut has introduced the direct debit feature for its UK users in addition to EUR direct debits that were introduced last year.