Ripple (XRP)

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Ripple Labs created the Ripple network and the XRP token in 2012 with the purpose of making cheaper, faster cross-border payments. Ripple was thought of by Jed McCaleb, Arthur Britto and David Schwartz, and developed from an earlier idea called OpenCoin. 

Ripple’s specific purpose as a settlement system has seen it form multiple partnerships with banks, forming a network that has since been termed as “RippleNet”. Ripple’s extensive collaboration with banks - including cross-border pilot programs - has won favour with financial institutions in several continents, and executives from the company have been known to discuss the implementation of decentralized financial systems with high-level financial industry insiders, like the IMF’s Christine Lagarde. 

Ripple also has close ties to SBI Financial Holdings, a Japanese financial giant that is keen on leveraging the token to improve financial services in Asia. President Yoshitaka Kitao has joined the Ripple Board of Directors. This, along with the extensive efforts to help banks test cross-border payments using Ripple’s technology, has emboldened investors, who believe that Ripple will act as something of a bridge between traditional banking systems and new technologically-empowered systems. 

Ripple’s quicker settlement times compared to Bitcoin (transactions take a few seconds to get validated) and its lack of energy-intensive mining has led some people to say that it is a better means of exchange than Bitcoin itself. Having said this, Ripple is still primarily focused on becoming a new form of SWIFT, one that can assist existing banks and its customers speed up international payments.

In this tag, read Ripple (XRP) news, price predictions, opinions and analyses created by users.


XRP Open Challenge: Make me a convert with logic instead of bullying strategies

5 days ago 1 minute read CryptoTapas.com $0.07 tipped

I posted this as a comment on another article and wanted to pose to all the XRP fans. Original comment here.  The same questions are enumerated here.   If Blockchain’s ultimate goal is to make current Banking/financial system redundant, how can a bil...

Ripple bids 1 billion ripple to win a browser payment startup

5 days ago 1 minute read CryptoArgha $0.18 tipped

Ripple (xrp) is currently third biggest cryptocurrency according to coinmarketcap Ripple aims to build a decentralized banking system with it's ecosystem and build in coin San Francisco based crypto company ripple starts to implent its features into...

Ripple Pumps 1bn XRP in to coil.com in hope of taking over the Content Sharing scene

6 days ago 1 minute read Spigfish $0.05 tipped

Colil.com had earlier this year a partnership and $20M investment into Imgur.Users pay a $5 monthly subscription, which is paid out to content creators on a streaming basis depending on how much content the creator has. Xpring has just allowed 1 bill...

Recent Lawsuit Against Ripple Explained

6 days ago 1 minute read Brawnd0 $4.17 tipped

Bitcoin proponent Tone Vays has said that Ripple is about to face some severe scrutiny from the United States Securities and Exchanges Commission. Vays hosts the Bitcoin Law Review podcast, and has worked on Wall Street. He tweeted on August 13, sayi...

XRP Has Crashed by 40% on an Exchange, Coordinated Sell-Off?

1 week ago 1 minute read XRP_Gato $2.89 tipped

XRP owners may have been hit with a small heart attack after reading that the XRPBTC trading pair on one exchange had crashed to 40% of its value. However, in reality, there is NOTHING to worry about at all. The exchange was Beaxy, a very small time...

Revolut as a great tool to build wealth unnoticed #111Months

1 week ago 1 minute read Maurice (Carapthian) $0.14 tipped

As can be seen in my last #111Month post, I have a great drive to build wealth in order to achieve the goal of early retirement at the age of 55. To achieve this goal I have defined action plans in several directions in place: Pay off existing loans...

Ripple has to respond to the amended complaint that claims ‘XRP is a security’

1 week ago 1 minute read CryptoTapas.com $0.32 tipped

Few days after we talked about a research report, Ripple has been slammed with an 'amended' complaint in both Federal and California courts. The key difference between this complaint and the others is that this one needs a mandatory response from Rip...

Ripple's CEO Says His Recent Deal Will Shake Crypto Markets Better Than Facebook's Libra

1 week ago 1 minute read Brawnd0 $1.25 tipped

Ripple CEO Brad Garlinghouse has offered Rupple enthusiasts something to be excited about, as he said that the company is looking to acquire more companies and invest in more as well.  Garlinghouse was optimistic about how MoneyGram would impact the...

Update 18: Cats cryptocurrency prediction experiment!

1 week ago 1 minute read Piet246 $0.10 tipped

After a week in which BTC came back from $10.000 to $12000 and pausen before start a new bullrun in the coming days. I will give an other update of the prediction of Dikke Streep my cat. The expiment was as followed. I put 5 physical coins of cryptoc...

Top 5 Potential Moonshots

1 week ago 6 minute read paulOf91 $5.04 tipped

With altcoins struggling it is safe to say that Bitcoin is the only space-bound project that is on a bull run at this moment in time. However, we must never forget that the altcoin industry is still far from defeated as the development teams behind m...