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Since December 9, Ripple has enjoyed incredible growth. Currently, the crypto is fourth after Bitcoin Jed mccaleb bitcoin charts overtook it to take the third place.
At the current rate of growth, this is a cryptocurrency to watch in the coming weeks. Ripple is a technology which is designed to act as a cryptocurrency and also as a digital payment network for financial networks.
It is a pre-mined currency and its ticker symbol is XRP. To help in finalizing financial transactions, Ripple uses a medium called Gateway. The gateway acts as a trust credit intermediary that receives and sends money over the RippleNet network.
XRP currency is used as a bridge jed mccaleb bitcoin charts other currencies. It is used for both Fiat and cryptocurrency transactions. Each and every currency in the network uses its own unique gateway. If for example, John wanted to receive Ethereum coins for the services rendered to Kate, Kate can send Australian dollar.
John will receive ETH on his end. Ripple cryptocurrency is designed to use blockchain technology to speed up cross-border money transfers and bank settlements.
At the moment, most of the transactions are facilitated on Swift which is quite old, slow and expensive. The simplicity of this cryptocurrency has attracted financial players and this is what is making it rise at a fast rate. This still qualified the crypto as a big player.
Over the past months, the price of this currency has also gone up steady until December 12 when it started a steep rise. However, the price of the crypto in BTC rose jed mccaleb bitcoin charts marginally from 0. According to Ripple CEO Brad Garlinghouse, the rise of Ripple as a cryptocurrency has been made possible because the market understands it better.
He adds that the markets appreciate the realities of digital assets performance in terms of speed and throughput. This is especially so because it is uniquely positioned to deliver on its promise. Ripple is designed to work with banks. It claims that banks will save up to 3.
The rise of Ripple can be explained partly by the general performance of the cryptocurrency market and Bitcoin in particular. However, its partnership with credit card company American Express certainly played a big role. Stay up to date with the financial markets everywhere you go. Understanding Ripple Ripple is a technology which is designed to act as a cryptocurrency and also as a digital payment network for financial networks.
The growth of Ripple jed mccaleb bitcoin charts its current position Ripple cryptocurrency is jed mccaleb bitcoin charts to use blockchain technology to speed up cross-border money transfers and bank settlements. Reasons why Ripple is going to overtake Bitcoin According to Ripple CEO Brad Garlinghouse, the rise of Ripple as a cryptocurrency has been made possible because the market understands it better.
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