XRP is a cryptocurrency released by Ripple, a payment technology company based in San Francisco.
Founded in 2012, Ripple is today a 500-employee company with offices in nine different locations globally, with more than 300 corporations worldwide on its payment network RippleNet.
XRP is a cryptocurrency designed for global payments. Ripple prefers to call XRP a “digital asset”. XRP is the primary digital asset of XRP Ledger, an open source, permissionless and decentralized blockchain technology that can complete a transaction in 3 to 5 seconds. It can be sent and received without the need for a centralized intermediary. The XRP network is operated by more than 150 validators around the world. XRP Ledger has a structure that does not require energy consumption to verify transactions.
As of today, the average time for a transaction in XRP is 3.79 seconds and the transaction fee is 0.0000156 dollars.
The total supply of XRP is 100 billion. As of July 17, 2021, just over 46 billion of this is in circulation. The rest is locked.
Check out breaking Ripple news and commentary now:
XRP is a cryptocurrency released by Ripple, a payment technology company based in San Francisco.
Founded in 2012, Ripple is today a 500-employee company with offices in nine different locations globally, with more than 300 corporations worldwide on its payment network RippleNet.
XRP is a cryptocurrency designed for global payments. Ripple prefers to call XRP a “digital asset”. XRP is the primary digital asset of XRP Ledger, an open source, permissionless and decentralized blockchain technology that can complete a transaction in 3 to 5 seconds. It can be sent and received without the need for a centralized intermediary. The XRP network is operated by more than 150 validators around the world. XRP Ledger has a structure that does not require energy consumption to verify transactions.
As of today, the average time for a transaction in XRP is 3.79 seconds and the transaction fee is 0.0000156 dollars.
The total supply of XRP is 100 billion. As of July 17, 2021, just over 46 billion of this is in circulation. The rest is locked.
Check out breaking Ripple news and commentary now:
Ripple CEO Brad Garlinghouse said, “SEC’s headwinds against the whole of the XRP community are gone,” after the four-year lawsuit between Ripple and the SEC officially ended with a $125 million fine.
The final decision was released in the lawsuit between Ripple, the company behind XRP, and the US Securities and Exchange Commission (SEC), which has been ongoing since December 2020. Accordingly, the court judged that the sales of XRP through cryptocurrency exchanges are legal. On the
As the elections to be held in the US in November approach, support for Republicans who appear to be crypto-supportive is growing. While a significant number of business people, led by Elon Musk, support Donald Trump, Ripple Labs also supports lawyer John Deaton, who is
Brad Garlinghouse, CEO of Ripple, the company behind XRP, again spoke harshly about SEC chairman Gary Gensler. Garlinghouse, who gave harsh answers to what Gensler said at a conference, said, “He should have been fired by now. He will make Biden lose the election,” he said.
A California federal judge in the US has ruled that a lawsuit against Ripple and CEO Brad Garlinghouse should proceed through the court process and not on “summary judgment”. The judge noted that XRP’s sales to small investors were likely to fall within the statute of a securities sale.
In the case between Ripple and the SEC, which has been going on for more than 3.5 years, the SEC made its last general assessment of Ripple to the court. After the “legal settlement process”, which is one of the last stages of the litigation process, the court will decide what kind of sanctions will be imposed against the defendant, Ripple, if necessary.
Brad Garlinghouse, CEO of Ripple, the company that launched XRP and made its name known with lawsuits in recent years, stated that the cryptocurrency market could “easily” reach twice the current level by the end of the year. “The overall market cap of the crypto industry is easily predicted to to double by the end of this year.” Garlinghouse said.
Ripple announced that it will launch a stablecoin as a rival to USDT and USDC. XRP price increased with the announcement.
The response to the US Securities and Exchange Commission’s (SEC) request for a $ 2 billion fine from Ripple was not delayed.
Kraken, the second largest exchange in the United States, was also added to the crypto platforms resisting the SEC. Kraken announced that the lawsuit filed against them in November was unfair and that it requested the court to dismiss the case.