There are different types of cryptocurrencies in the market, each with its pros and cons. Users who want to get into cryptocurrencies face the problem of deciding on a particular asset. Let’s talk about the relatively new digital currency, Ripple XRP.
This young project was launched in 2014. Its creator is Canadian programmer Ryan Fugger. Initially, he wanted to develop a technology for international payments that would significantly speed up the transfer of money and reduce transaction costs. However, the project did not raise enough funds because of a lack of investment and popularity. Over time, Ripple lived through updates and after all managed to raise enough funds to become one of the most popular cryptocurrencies. As of September 2022, the XRP USDT rate is $0,3364. Check any crypto ranking, and you will see Ripple on the top assets.
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The Essence of XRP
Ripple is a popular crypto asset, and you might have heard much XRP news on the Internet. It’s not just a cryptocurrency but a truly international platform allowing real-time cross-border payments without delay. Unlike other cryptocurrencies traded on exchanges, XRP can be bought directly with European currencies. For example, it is possible to buy Ripple XRP with a debit card on the WhiteBIT platform.
XRP Ripple News
The Ripple firm has been in legal proceedings with SEC for many years now. This is the reason why Ripple’s asset is not growing in value much. However, despite troubles with SEC, the company has partnered with many large companies that already use Ripple technology:
- Mercury FX
- Cuallix
- IDT
- Catalyst Corporate
- and many others.
Large companies strive to use the Ripple technology for it provides lightning-fast transactions at any point in the world at a low cost. Crypto analysts believe that the XRP price has all the chances to boost if Ripple – SEC legal proceedings are over. It will take some time to reach an agreement for them. Meantime, you can invest in Ripple on the WhiteBIT crypto exchange.
