Ripple CEO is firing back to SCE that

“The majority of our customers aren’t in the U.S. and overall XRP volume is largely traded outside of the U.S. There are clear rules of the road for using XRP in the UK, Japan, Switzerland and Singapore, for example.”

So what is Ripple?

Here is a good video to explain clearly below:

Ripple is not real cryptocurrency but a third party electronic ledger that track currency around the world and transfer around the world.

The Ripple is back by currency and help to transfer money around the world.

Ripple itself has two types: IOU and XRP.  

IOU is a debt you carry similar to bank notes that someone own bank money.

XRP is currency like with small value can trade but it cannot mining through network.

That is my opinion and thanks for reading!

Disclosure: I/we have no positions in any cryptocurrencies mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies is mentioned in this article.