Ripple (XRP) News, Price Predictions, Opinions and Analyses Created by Users

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 (founder of the Stellar Foundation), 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 favor 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.

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21 May 2020 1 minute read 1 comment NewCreationCapital

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23 May 2020 2 minute read 0 comments Manuel Vazquez

In six months, this is according to Bitso Mexico: The average weekly volume of remittances so far in 2020 is 715 million dollars. Sending remittances with cryptocurrencies increased 320 percent in six months, according to the Bitso platform. This was...

Ripple (XRP) tends to become one of the biggest in the future.

14 May 2020 1 minute read 0 comments Rhelgus

There have been a lot of transactions going on over Bitcoin and Ethereum lately, andBitcoin and Ethereum when users start to have trouble because this trading network is very busyhe had to depreciate financially and his gains fell. Another cryptocurr...

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19 Feb 2020 4 minute read 51 comments Smoljanovic

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XRP liquidity index poised to reach new ATH as co-founder of Ripple uses 20.6 Mln XRP

15 May 2020 1 minute read 0 comments PassionCryptodotcom

The Twitter bot that analyzes the XRP liquidity index in the three platforms powered by ODL reports that every day the numbers are getting closer to beating current highs. Now the biggest corridor has come very close to beating the historic high of t...

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9 Apr 2020 3 minute read 16 comments Smoljanovic

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