Use or Speculation: What's Driving Ripple's Price to All-Time Highs?
Is XRP's recent price rally the result of Ripple's recent progress or 'pump and dump' traders? Ripple's CEO weighs in.
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Apr 6, 2017 at 12:30 p.m. UTC
Apr 6, 2017
XRP is a digital asset and cryptocurrency that was created by Ripple Labs Inc., a technology company specializing in the real-time gross settlement system, currency exchange, and remittance network. XRP operates on an open-source and peer-to-peer decentralized platform that allows for a seamless transfer of money in any form, be it USD, Yen, litecoin, or bitcoin. XRP is often used by Ripple's payment ecosystem, RippleNet, and is increasingly adopted by banks and payment networks as settlement infrastructure technology. As a bridge currency, XRP also provides liquidity for instant cross-border transactions.