Ripple is a money transfer network designed to serve the needs of the financial services industry. XRP, a cryptocurrency tailored to work on the Ripple network, is consistently listed among the top five cryptocurrencies by market capitalization.
Ripple is a money transfer network designed to serve the needs of the financial services industry. XRP, a cryptocurrency tailored to work on the Ripple network, is consistently listed among the top five cryptocurrencies by market capitalization.
Despite its ambitions, Ripple is currently tied up in legal troubles with the Securities and Exchange Commission (SEC), although thatâs hardly prevented XRP from surging in value with other cryptos.
What Is Ripple?
Ripple is a payments settlement system and currency exchange network that can process transactions around the world. The idea is that Ripple serves as a trusted agent in between two parties in a transaction as the network can quickly confirm that the exchange went through properly.
Updated: May 4, 2021, 8:58am Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn t affect our editors opinions or evaluations. Getty
Ripple is a money transfer network designed to serve the needs of the financial services industry. XRP, a cryptocurrency tailored to work on the Ripple network, is consistently listed among the top five cryptocurrencies by market capitalization.
Despite its ambitions, Ripple is currently tied up in legal troubles with the Securities and Exchange Commission (SEC), although that’s hardly prevented XRP from surging in value with other cryptos.
What Is Ripple?