What is XRP (XRP)?

What is XRP? 0'>XRP is a cryptocurrency that was devised by Ripple. The company describes it as a “digital asset built for global payments”. To cut a long story short, it’s fair to say that Ripple has its sights set on the international transfer market.

What happened to XRP?

The lawsuit crashed the price of XRP while making the cryptocurrency holders the biggest victims in the story, meaning that the SEC has actually hurt the people that they were supposed to protect, the investors. Since the lawsuit started, XRP has been delisted from Coinbase ( NASDAQ: COIN) and other U.S. exchanges.

What is Ripple (XRP)?

It runs on RippleNet, a digital payment networkthat is part of the Ledger distributed database, an open source platform. It is not based on a blockchain, but rather a distributed database, which means coins do not have to be mined. XRP is the native coin of the Ripple Network.

Which payment service providers are using XRP?

For its cross-border payments, the XRP Liquidity Pool has officially announced the usage of XRP by eight major payment service providers, including MoneyGram, MercuryFX, IDT, Cuallix, Western Union, and Cambridge Global Payments.