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Ripple Xrp Cryptocurrency

Ripple Xrp Could Be The Top Cryptocurrency In 2018

Ripple Xrp Could Be The Top Cryptocurrency In 2018

Ripple XRP Could Be The Top Cryptocurrency In 2018 Ripple (XRP) is a fast money transfer network and cryptocurrency that has been widely accepted by many banks as being a legitimate way to transfer money quickly and with fewer fees. Originally released in 2012, the aim of Ripple is to become a global settlement network designed to allow anyone to transfer money in any currency in seconds, effectively replacing outdated, slower, and more expensive international transaction or payment systems like Western Union. With traditional payment systems, the exchange fees for transactions between different currencies can be restrictive. By comparison, Ripple uses its XRP currency as a common denomination currency underlying money transfers between different currencies. More than 100 global banks and financial institutions have embraced Ripple as a fast and effective way to transfer money, including American Express. Since news circulating around the Ripple company and the XRP cryptocurrency has brought the process some legitimacy from a purchasers standpoint, the popularity in the cryptocurrency has soared. Despite having the backing of so many large banks, the price of Ripple XRP has slumped in recent times. Throughout 2017, the value of Ripples XRP jumped more than 7,000%. In January 2018, the XRP was trading at a high of $3.41 US. However, by mid-March 2018, the value of the cryptocurrency had slumped again to just $0.57 US. Most cryptocurrencies have the potential for an upward pricing trajectory when marketed correctly. However, when prices plummet, many investors panic and sell off their holdings. When prices fall, there are always some investors willing to take advantage of the opportunity to buy more crypto while prices are cheap. Some investors aim squarely at the crypto Continue reading >>

Ripple Wants To Invest In Startups That Can Put Its Xrp Cryptocurrency To Work

Ripple Wants To Invest In Startups That Can Put Its Xrp Cryptocurrency To Work

Payments company Ripple says it plansto invest in startups and technology companies to develop more uses for XRP, its cryptocurrency that is currently the third largest digital token behind bitcoin and Ethereum based on total market cap. The value of XRP shot up in December and January following acrypto market rally that saw bitcoin reach nearly $20,000 per coin. The collective value of XRP was worth more than $128 billion at peak before a market crash in January walked those prices back significantly. Today, the token has a total market cap of around $30 billion, but Ripple has come under fire for a perceived lack of use for XRP, which has been marketed as a tool for banks but has attracted only cross-border payment services as customers. Speaking on the sidelines at Money2020 in Singapore , Ripple CEO Brad Garlinghouse told TechCrunch that Ripple is staying focused on enabling banks to use its software solutions a mix of services, some of which dont utilize XRP but it is eying investments in companies that could offer alternative uses for XRP. We, Ripple, will stay focused on solving that institutional use case, but we would certainly partner with companies that are looking to use XRP in lots of different ways, said Garlinghouse, whose net worth was pegged at at least $9.5 billion by Forbes in January. Garlinghouse said that Omni, a San Francisco-based startup that offers storage and rental services for goods, is a blueprint for that plan. Ripple and two of its executives led a $25 million investment in Omni in January and the startup has agreed to introduce XRP within its service. You should expect that youll see more of those, Garlinghouse said. Ripple is not the only company preparing touse the windfall of a highly-valuedcrypto token to advance its business or eco Continue reading >>

Ripples Xrp Is The Biggest Loser Of The Cryptocurrency Bloodbath

Ripples Xrp Is The Biggest Loser Of The Cryptocurrency Bloodbath

Ripples XRP is the biggest loser of the cryptocurrency bloodbath Ripple's XRP is down 79% from its all-time high, compared to bitcoin's 65%, and Ethereum's 52% drops. Crypto markets are used to extreme volatility, but now their wild price swings are coupled with stock market panic selling . You can track the price of 13 cryptocurrencies in real-time here>> All cryptocurrencies have plunged off their all-time highs from this earlier winter. The total value of all digital currencies has fallen 61% from its peak of over $826 billion on January 7, to just $320 billion Tuesday morning. Ripples XRP , the third-largest cryptocurrency by market cap, seems to have experienced the worst of the selling. The token, designed for international payments and money transfers, is down 79% from its January high of $3.3153, falling to just $0.672 per token Tuesday morning. Bitcoin , still easily the most well-known and largest cryptocurrency comprising 36% of the total crypto market value, is down 65% from its high, currently trading at $6,752, according to Markets Insider data. Ethereum , the second-largest crypto by market cap is down 52%, from $1,420 to $669. Bitcoin cash is down 78%, from $4,053 to $862. In a note to clients Tuesday, Steve Strongin, Goldman Sachs' head of global investment research, said the extreme correlation between cryptocurrency prices worried him. "The high correlation between the different crypto currencies worries me," Strongin wrote. "Contrary to what one would expect in a rational market, new currencies don't seem to reduce the value of old currencies; they all seem to move as a single asset class." Last week, crypto prices were put under pressure by tech companies, as well as governments. Facebook on Friday announced it would ban all ads for bitcoin, crypto Continue reading >>

Ripple Price News Live: Xrp Falling Today Against Usd In Latest Major Crypto Crash

Ripple Price News Live: Xrp Falling Today Against Usd In Latest Major Crypto Crash

Ripple price news LIVE: XRP falling today against USD in latest major crypto crash Ripple price news LIVE: XRP falling today against USD in latest major crypto crash RIPPLE (XRP) has plunged into the red today as the cryptocurrency token fell by some eight percent this morning amid another cryptocurrency crash. Here are the latest updates on the Ripple price live. Ripple price news: ripple XRP has plunged into the red today Ripple looked as if it had stabilised around the $0.63 handle yesterday, March 26 after several losses last week. But the token, which is still nearly 70percent cheaper than at the beginning of the year, plunged again today and dropped below the $0.60 mark. Today, as of 8.30am, the price is set at $0.57 according to CoinMarketCap. This is some 8.30 percent down on opening, with a market cap of $22 billion. Here is the latest live news on the Ripple (XRP) price. All times in BST. 5.21pm: Halcyon days of Bitcoin performance are gone claims expert Jordan Hiscott, chief trader at ayondo markets fears bitcoins wild days of incredible market performance are gone. He said: Bitcoin moves lower yet again, now trading at $7,900 and down from $13,275 since the beginning of the year. Certainly the halcyon days of performance gains from 2017 seem long gone, and in my view, this could be the situation for at least six months. My theory is based around the situation regarding the liquidation of the Mt Gox Exchange, and the appointed trustee to handle the bankruptcy. Colloquially, this individual is known at the Tokyo Whale, and he has already sold around $400 million worth of both Bitcoin and Bitcoin Cash, and is likely the main catalyst for this years move down. Interestingly, there is still around three times this amount of Bitcoin to potentially to hit the mark Continue reading >>

Ripple (xrp): The New Promise Of Cryptocurrency Futures Market

Ripple (xrp): The New Promise Of Cryptocurrency Futures Market

Ripple (XRP): The new promise of cryptocurrency futures market March 22, 2018 By Ali Qamar 3104Views 1Comment Unlike Bitcoin futures market, XRP promises an authentic benefit for futures digital currencies investments.Regarding this, Ripple INC. has been deploying a futures marketplace for the intended third-biggest cryptocurrency for almost two years now, which will belong to the startup Crypto Facilities. Still, theres not much information about it, but as the CEO himself recently told CoinDesk, they are on their way to work along with some of the best market makers. As a matter of fact, it wasnt until Bitcoin was very close to getting their Bitcoin derivative regulated by CFTC (Commodity and Futures Trading Commission), that Schlaefer decided to quickly partner with Ripple in order to launch XRP futures, the second futures-related cryptocurrency after the Bitcoin futures product got regulated by FCA (Financial Conduct Authority) of UK. Later on, XRP futures had a trading volume of $14.2 million a month, this afterCME Group and Cboe opened in December their first futures product. A little later, just when the BTC futures contract of Cboe finished , XRP futures increased almost the double reaching the amazing number of $24.6 million. Even so, it was not known by the outsiders that futures got traded in that big of a scale, but in fact, this is something that promises to change after the company is exploring now for other contracts and is on the way of keeping the excellent result for another month. The liquidity has been growing quite a lot, Schlaefer said, adding: We have seen our volume growing through February and expect March to set a new record. Even when yet Schlaefer has not revealed the market makers identities hes working with, the information provided to Coi Continue reading >>

What Could Be The Future Value Of Ripple (xrp) Cryptocurrency?

What Could Be The Future Value Of Ripple (xrp) Cryptocurrency?

What could be the future value of Ripple (XRP) Cryptocurrency? Originally Answered: What is the return of Ripple (XRP) in one year? Ripple (XRP) currently Trading at $0.166099 and is equal to 0.00003801 BTC. Ripple may be the latest craze in the cryptocurrency world. Although its price still lags far behind Ethereum and Bitcoin, it has nonetheless gained 3800% in recent months, catapulting it to the number 3 spot on the list of over 100 cryptocurrencies with regard to market capitalization. What's more important, perhaps, is the technology that Ripple offers aside from its currency. The Ripple blockchain protocol has gained recognition by more than 60 major financial institutions around the world, with the National Bank of Abu Dhabi one of the latest to incorporate it into its practices. Ripple has, in this way, broken a barrier that virtually no other cryptocurrency has, by finding a way to integrate itself within the broader financial world. To some, this spells a new way for the future of the digital currency industry. To others, though, Ripple has some significant security weaknesses. A YouTube Cryptocurrency News Host, Analyst and Educator #1 Cryptocurrency FaceBook Group: Log into Facebook | Facebook I honestly think that the cryptocurrency is not going to be worth very much in the future. And not because Ripple is going to be unsuccessfully I believe it will. Its because XRP has very little value when their competitors can offer the same exact services without the need for a native asset. Ripples core competition are the new breed of permissioned blockchains that have been developed by Hyperledger, JP Morgan and R3 Corda. These blockchains do the same things as Ripple, offering to trade financial assets on the blockchain without high costs. But what Ripples comp Continue reading >>

Ripple (xrp): What If The Worstcase Scenario Actually Happens?

Ripple (xrp): What If The Worstcase Scenario Actually Happens?

Ripple (XRP): What If The WorstCase Scenario Actually Happens? No other cryptocurrency, even Bitcoin, comes closer to Ripple (XRP) and the kind of week it has had as we close weekend. On a scale of 1-10, this cross-border payment crypto, could claim to have dominated 9/10 in every sense of the word. The bearish market may have seen all cryptocurrencies plunge to new price lows, but that wasnt all for Ripple. And it all comes down to one thing: Ripplenet is fast shaping up to be the future of cryptocurrency. And in the words of CEO Brad Garlinghouse, even if Ripple did go away some day, the XRP ledger will forever be there. In short, we should be ready to have the best of XRP for generations to come. Its unlike some of the cryptocurrencies that come up out of nowhere, claiming to be ready to disrupt this or that industry. Many promise a lot of hot air and then quickly fade into thin air without a single use case achieved. But Ripple knows whats good for the world In relation to cryptocurrency and what role it needs to play in transforming the world, Garlinghouse castigated ICOs. He took a swipe at how many of the coin offerings we see are only interested in making money. While speaking with CNBC at the Money 20/20 Asia, the outspoken CEO reminded the world that his platform was driven by a desire to see positive impact from cryptocurrency. He said that: Better sometimes to focus on solving real problems for real customers, and not worry about running infrastructure for a token issue, getting listed on exchanges and all the steps that come with that, Garlinghouse added. While he addressed questions on volatility and how that could affect XRP use, this is what the Ripple CEO said: Were talking about three seconds of volatility risk when using XRP for cross-border payments Continue reading >>

Ripple Price News Live: Xrp Plummets Into Red As Cryptocurrency Drops Below $0.80

Ripple Price News Live: Xrp Plummets Into Red As Cryptocurrency Drops Below $0.80

Ripple (XRP) is currently worth $0.79 dollars (7.35am Monday March 13) after a promising start earlier on Monday. Ripple's price fell 2.5 percent on opening tonight, reaching $0.78 by 4.04am GMT, according to CoinMarketCap.com. As of 7.41am GMT on March 13, the digital currency is down by 3.89 percent over the last 24 hours with a total market cap of $30,946,756,607. Bitcoin, Ethereum, Bitcoin Cash and Litecoin are all in the red tonight too, with Bitcoin dropping to $8,956.43 at 8.28pm on Monday. Express.co.uk brings you the latest news and live updates on the Ripple price below. All times in GMT. Ripple price update: Ripple CEO Brad Garlinghouse is certain his payment platform will thrive 7.53am: Could Ripple be the next bitcoin? Ripple chief speculates Ripple CEO Brad Garlinghouse said: I think if were solving a real problem and its at scale, then I think its a compliment. I think the most important thing that is going on in crypto, is understanding what is real and what is just hype. Some I think may look back on bitcoin and find that it was the Napster of digital assets. What I mean is Napster was the first to digitise music and demonstrate, Hey if you digitise music you can do a lot of cool things with that. But ultimately they were circumventing trademark laws, circumventing royalty payments and Government stepped in and Napster was not successful. But Spotify, iTunes, Pandora they were all very successful. I think what youll find is that maybe the next generation of digital assets ends up solving some of the original problems that bitcoin set out to solve. 7.30am: Ripple forecast hints at gains if it closes above $0.82 According to Forex analyst Aayush Jindal Ripple will need to stay above the $0.75 price point to avoid further decline. The analysts said: Once Continue reading >>

Ripple (payment Protocol)

Ripple (payment Protocol)

Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple . Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, [3] it is built upon a distributed open source Internet protocol , consensus ledger and native cryptocurrency called XRP (ripples). Released in 2012, Ripple purports to enable "secure, instant and nearly free global financial transactions of any size with no chargebacks." It supports tokens representing fiat currency , cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. [4] [5] At its core, Ripple is based around a shared, public database or ledger, [6] which uses a consensus process that allows for payments, exchanges and remittance in a distributed process. [7] The network is decentralized and can operate without the Ripple company; it cannot be shut down. [8] Among validators are companies, internet service providers, and the Massachusetts Institute of Technology . [9] [10] Used by companies such as UniCredit , UBS and Santander , Ripple has been increasingly adopted by banks and payment networks as settlement infrastructure technology, [11] with American Banker explaining that "from banks' perspective, distributed ledgers like the Ripple system have a number of advantages over cryptocurrencies like bitcoin," including price and security. [12] The predecessor to the Ripple payment protocol, Ripplepay, was first developed in 2004 by Ryan Fugger, [13] [14] a web developer in Vancouver, British Columbia . [15] Fugger conceived of the idea after working on a local exchange trading system in Vancouver, and his intent was to create a monetary system that was decentralized and could effectively allow individuals and communities to create their own mo Continue reading >>

Ripple Gives Away $29 Million Of Its Cryptocurrency To Public Schools

Ripple Gives Away $29 Million Of Its Cryptocurrency To Public Schools

Ripple gives away $29 million of its cryptocurrency to public schools Cryptocurrency startup Ripple donated $29 million of its own digital currency XRP to fund public schools. The donation, which Ripple says is the largest-ever cryptocurrency gift to a single charity, fulfilled thousands of requests from teachers on the website DonorsChoose.org. The money will be used to buy classroom materials for more than 28,000 public school teachers across all 50 states, Ripple says. Published 5:09 PM ET Wed, 28 March 2018 The logo of blockchain company Ripple is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Cryptocurrency startup Ripple donated $29 million of its own digital currency XRP to support U.S. public schools, the company announced Wednesday. The donation, which Ripple said is the largest-ever cryptocurrency gift to a single charity, fulfilled thousands of requests from public school teachers on the crowdfunding site DonorsChoose.org. The money will be used to buy classroom materials for more than 28,000 public school teachers across all 50 states, the company said in a statement. Charles Best, founder and CEO of DonorsChoose.org, said he approached Ripple based on CEO Brad Garlinghouse's previous involvement with the foundation. He sent Ripple executives an email laying out the possible impact of fulfilling the teachers' requests. "To my own shock, they said yes," said Best, who founded the charity 18 years ago. "It was mind-blowing that it would be the largest donation of cryptocurrency." Ripple is officially the name of a San Francisco-based company developing a network for faster global financial payments. XRP is the name of the digital token that financial institutions on the network can use to transact quickly. Rip Continue reading >>

Ripple (cryptocurrency)

Ripple (cryptocurrency)

Ripple is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. Ripple was released in 2012 and co-founded by Chris Larsen and Jed McCaleb. The coin for the cryptocurrency is premined and labeled XRP. Ripple is more known for its digital payment protocol than its cryptocurrency, XRP. Ripple operates on an open source and peer-to-peer decentralized platform that allows for a seamless transfer of money in any form, whether USD, Yen, litecoin , or bitcoin . To understand how the system works, consider a money transfer structure where the two parties on either end of the transaction use their preferred middlemen to receive the money. Lawrence needs to send $100 to David who lives in a different city. He gives his local agent, Kate, the money to send to David with a password that David is required to answer correctly to receive the funds. Kate alerts Davids agent, Rose, of the transaction details recipient, funds to be reimbursed, and password. If David gives Rose the right password, Rose gives him $100. However, the money comes from Roses account which means that Kate would owe Rose $100. Rose can either record a journal of all Kates debt or IOUs which Kate would pay on an agreed day, or make counter transactions which would balance the debt. For example, if Rose was also Martins agent and Martin needed to transfer $100 to Itios whose agent is Kate, this would balance out the $100 owed to Rose, since Itios will be paid from Kates account. Although the Ripple network is a little more complex than this example, the example demonstrates the basics of how the Ripple system works. From the example above, one can see that trust is required to initiate a transaction trust between Lawrence and Kate, Kate and Rose, and David and R Continue reading >>

Uphold Adds Buy And Sell Options For Ripple's Xrp

Uphold Adds Buy And Sell Options For Ripple's Xrp

Uphold Adds Buy and Sell Options for Ripple's XRP Digital payments startup Uphold announced Wednesday that it has added support forRipple's XRP cryptocurrency. XRP joins Uphold's existing list of currencies and cryptocurrencies that can be bought or traded, with bitcoin, ethereum and bitcoin cash, among others, already on the menu. According to vice chairman J.P. Thieriot,the move follows a Twitter poll earlier this month that indicated XRP was the most-desired token to be added, taking 51 percent of just over 12,000 votes.It also comes following a $57.5. million investment from former Ripple chief risk officer Greg Kidd in January,and Uphold's acquisition of mobile commerce platform Cortex MCP a month later. Uphold has been working on integrating XRP for roughly a month, said Thieriot, who explained: "Generally we have to find counterparties we can trade with, given our system, [since] we don't have an internal orderbook. We have to create an integration with a third party. In the case of XRP, it's an entirely new blockchain - it's not like adding an ERC-20 token, which is relatively trivial for us." XRP can be exchanged with no fees being charged, and can be traded or used in transactions across Uphold's existing offerings, according to statements. These include seven cryptocurrencies and 23 fiat currencies, on top of four precious metals. According to Uphold, the next phase of support involves integrating with the Ripple network itself, enabling direct deposits and withdrawals via the mainnet. The company said that this should be rolled out in the next few weeks. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidia Continue reading >>

Ripple's Xrp Might Be The Next Crypto Futures Market

Ripple's Xrp Might Be The Next Crypto Futures Market

Ripple's XRP Might Be the Next Crypto Futures Market Mar 20, 2018 at 12:00 UTC|UpdatedMar 21, 2018 at 12:48 UTC Bitcoin futures may have been launched with tremendousfanfare - but XRP futures, on the other hand, not so much. In fact, U.K.-based startup Crypto Facilities has been operating a futures market for the world's third-largest cryptocurrency, developed by blockchain startup Ripple Inc., for almost 18 months now . And while the company's CEO, Timo Schlaefer, has been tight-lipped about the product so far, he sees trends in recent data that indicate broader XRP futures adoption may be on the horizon. "We have pretty good order books,"Schlaefer told CoinDesk, "And we're in the process of working with some of the large market makers to draw that further." Indeed, when bitcoin was still months awayfrom getting its first Commodity and Futures Trading Commission (CFTC) regulated bitcoin derivatives, Schlaefer's company had quietly partnered with Ripple and launched XRP futures - its second cryptocurrency futures product after bitcoin to be regulated under the UK's Financial Conduct Authority (FCA). Later, when Chicago commodities giants Cboe and CME Group opened their first bitcoin futures in December, Crypto Facilities' own XRP futures were trading $14.2 million in volume a month. And by the time Cboe'sfirst bitcoin futures contract expired in January, Crypto Facilities' XRP futures had almost doubled in volume to $24.6 million. Yet, few outside the firm's own pool of investors even knew the futures were being traded, much less with that kind of volume. Now, that appears to be changing with the company on track for another positive month, and others exploring the contracts. "The liquidity has been growing quite a lot," Schlaefer said, adding: "We have seen our volume Continue reading >>

Ripple To Invest In Startups That Advance Xrp | Pymnts.com

Ripple To Invest In Startups That Advance Xrp | Pymnts.com

Ripple , the blockchain payments company, is gearing up to invest in startups and technology firms that create more uses for its cryptocurrency XRP. In an interview with TechCrunch on the sidelines of Money2020, the payments conference currently being held in Singapore, Brad Garlinghouse, CEO of Ripple, said the company is focused on enabling banks to use its blockchain software offering, while also looking to invest in startups that could provide alternative uses for XRP. We, Ripple, will stay focused on solving that institutional use case, but we would certainly partner with companies that are looking to use XRP in lots of different ways, said Garlinghouse, pointing to Omni, a San Francisco-based startup that provides storage and rental services through XRP. TechCrunch noted that Ripple and two executives from the company were the lead investors in Omni back in January. You should expect that youll see more of those, Garlinghouse said. Using XRP for marketplaces and micropayments would be a different focus for the digital token, which is typically aimed at banks and financial firms. However, whether or not XRP is successful for alternative uses depends on if it finds the right partners to give the cryptocurrency justification for its value. As it stands, TechCrunch argued, XRP is still only an asset that validation for its current worth. The commentary out of Garlinghouse about the potential for future startup acquisitions comes after Ripple announced earlier this month that it has created a new payment app in which transactions are settled instantly.According to news from CNBC at the time, the new app was created with a group of 61 banks in Japan. Dubbed Money Tap , the mobile app will launch in the fall and will be initially offered through SBI Net Sumishin Bank, S Continue reading >>

Ripple For Beginners: A Step-by-step Guide To Xrp | Finder.com

Ripple For Beginners: A Step-by-step Guide To Xrp | Finder.com

The fast money transfer network, Ripple, and its associated coin, XRP, have been enjoying steady acceptance and growth over the five years since their inception. Heres why. When talking about Ripple (XRP), people often overlook the product that caused it to exist: the Ripple Network. Unfortunately, even though its been accepted by several banks as a legitimate money transfer system, the platform is a bit more complex to figure out than your regular cryptocurrency. So were going to go through it and explain every piece along the way. The goal of Ripple is to be a global settlement network, a platform to allow anyone to transfer money in any currency to any currency in a matter of seconds. This is an ambitious goal meant to eliminate the use of older systems like Western Union or SWIFT. Consider this scenario: Alice and Bob need to send some money to each other. Alice uses Jamaican dollars (JMD) to conduct her business, while Bob operates in Bangladeshi taka (BDT). While it might not be evident to end users, the process behind Alice sending Bob money involves converting the JMD to a common currency like USD, then transferring the money between Alices bank and Bobs. Finally, the USD in Bobs bank is converted back to BDT. This incurs a lot of fees at every exchange and wastes a lot of time. The Ripple network and currency aim to fix this problem. The alternative Ripple proposes is the use of XRP as a common currency underlying all money transfers between different currencies (USD is currently the most common currency). Not only are transaction fees much lower to convert from one currency to XRP and back, but transfers take a maximum of 4 seconds to execute and verify. Quite a few global banks have already started embracing Ripple as it saves them a lot of money in the long Continue reading >>

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