The post What investors should know about Ripple’s use cases appeared on BitcoinEthereumNews.com.

Welcome, crypto enthusiasts! If you’re reading this article, you most likely have heard of Ripple, one of the most popular altcoins that is also a worthy addition to most investment portfolios. However, if you’re new to the sector, you might wonder if this project has any practical applications because you want to make sure that it will provide you with a return.  Chris Larsen and Jed McCaleb created the Ripple blockchain in 2012 to enable currency exchanges, low-cost international money transfers, and fast transactions. The network uses XRP as the native token, so those who want to buy Ripple should look for this cryptocurrency in exchanges. The project is gaining more popularity in the altcoins sector, especially after it won against the Securities and Exchange Commission. Discussing Ripple and XRP The company Ripple was initially founded in 2004 by Ryan Fugger, who wanted to provide online users with the option to create their own money and access a decentralized monetary system. He aimed to develop a more efficient system than traditional banking, one that encourages user interactions. The company took a step further in 2012 when Chris Larsen and Jed McCaleb founded Ripple Labs and put the basis of a peer-to-peer network that validates transactions.  XRP is a digital currency developed to allow users to make money transactions around the world. It functions similarly to other cryptocurrencies like Bitcoin and Ethereum, but like most crypto projects, it also has a series of unique features. The most successful cryptocurrencies stand out on the market for their special characteristics, and Ripple is one of them. Because XRP facilitates international transfers without the involvement of a bank, it enables more reliable, affordable, and faster operations.  Compared with other digital currencies, XRP is faster because the blockchain takes only 4 seconds to settle a…

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Filed under: News - @ December 13, 2024 7:18 am