What is XRP and why did the price drop?
Updated: May 21 2021, 5:58 ET
THE value of crypto XRP has dropped following rises earlier this year.
We explain what you need to know about the cryptocurrency, and why its price has fallen. Read our cryptocurrency live blog for the latest Bitcoin updates
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Before investing in any cryptocurrency, you should be aware of all the risks involved.
Cryptocurrencies are highly volatile, which means your cash can go down as well as up.
This means you’ll need to be prepared to lose any cash you invest.
Investing in cryptocurrencies or stocks and shares is not a guaranteed way to make money.
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By siliconindia | Monday, 17 May 2021, 11:40 Hrs Could cryptocurrency be the next big thing? Can cryptocurrency become the mode of exchange for all online and offline transactions? We have all been wondering about this new digital innovation. If believers of cryptocurrency are to be trusted, it is expected to soon put an end to paper money and a national and international currency. Cryptocurrency is designed as a digital asset that can be used as a medium of exchange. Cryptocurrency uses a decentralised approach, unlike the centralised digital currency or centralised banking system followed throughout the world. Individual information about cryptocurrency, like ownership of the coin, digital transfer details, or exchange details, is stored in a digital ledger database using strong cryptography to secure the records. It typically works through a distributed ledger technology called a blockchain used as a public financial transaction databas