XRP
About XRP
Created by Ripple Labs for fast, low cost international payments. XRP can settle transactions in 3 to 5 seconds. Ripple aimed to disrupt SWIFT and correspondent banking. The SEC sued Ripple in December 2020, alleging XRP is an unregistered security. The July 2023 ruling that XRP was not a security when sold to retail buyers on exchanges caused a massive price surge. Banks including Santander and PNC have piloted Ripple technology for cross border payments.
Related Entries
Bitcoin
The first decentralized cryptocurrency, created by the pseudonymous Satoshi Nakamoto. Launched in Ja...
Ethereum
Created by Vitalik Buterin and launched in 2015. Introduced smart contracts, programmable agreements...
Bitcoin Detail
See Bitcoin entry. The total supply is capped at 21 million coins. New bitcoins are created by minin...