2017, it was Ripple that was the star of the cryptocurrency world. What are you looking for? Receive ripple the next bitcoin Bitcoinist news in Telegram!
At publishing, Ripple had about a third of the market cap as Ethereum, which is still hugely impressive taking into account the low price of the XRP token. 30 exchanges, 25 of those accepting XRP in the last two months. While growth is common place for digital currencies in the current climate, Ripple’s growth is slightly different as XRP is owned largely by Ripple, unlike Bitcoin and Ether. In May, an announcement was made as to how the sculpture of the sale of the currency would go and that is believed to be a strong driving force in its growth. With respect to XRP, we are incredibly focused on international payments, I think we are probably the only digital asset that has a clear use case with respect to what we are trying to do with the asset.
26, but that still saw it land just short of that 4,000 percent growth mark. What we have seen is an embracing of digital assets broadly by really established institutions. When you have folks like the Bank of England, which did a proof of concept with us, as well as the Bank of Japan coming out and saying, we are considering this as legal tender at some point — when you see those developments, you can’t help but feel that we are on the right path, that interest is going to continue to grow. Is Ripple the next big digital currency? Can it maintain this growth going forward and put real pressure on Bitcoin and Ethereum, let us know in the comments below!