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:
Starting a thread of its executives’ predictions for 2024, Ripple initially shared the predictions of its Chief Legal Officer Stuart Alderoty and Vice President of Product Adrien Treccani. Both made predictions about their own businesses. Alderoty made bold predictions for 2024, especially regarding policy and
Months after Ripple’s victory in court against the US Securities and Exchange Commission (SEC), another important ruling has come out. Today, charges against Ripple’s CEO Brad Garlinghouse and co-founder Chris Larsen were also dropped. XRP price surged after the court ruling. The cryptocurrency rose from
Another important decision came out in the ongoing case between Ripple and the SEC. Judge Analisa Torres completely eliminated the SEC’s right to appeal the decision she made in July. This request of the SEC was rejected by Torres.
Ripple, which has made a global name for itself with its partial victory over the SEC, will establish a platform called “Liquidity Hub” in Brazil and Australia.
In the case of Terraform Labs and Do Kwon, where the SEC filed an unregistered investment contract lawsuit, a federal judge found in favor of the organization and clearly departed from the decision in the Ripple case. Judge Jed Rakoff stated that he did not distinguish between sales to the public and sales to institutional firms in the secondary market, like the decision in the Ripple case, and that he disagreed with the decision in the Ripple case.