Launched in 2012 as a currency exchange, remittance network, and a real-time gross settlement system (RTGS), Ripple (XRP) also known as Ripple protocol or Ripple Transaction Protocol (RTXP) is based on a shared and public ledger or database. Many financial institutions broadly adopt XRP, payment networks broadly used by many respected firms such as UBS, Santander, and Unicredit.

Ripple undoubtedly has some advantages over other significant virtual currencies like bitcoin. It is true that this cross-border payment system is one of the most popular digital currencies in the realm of virtual currencies.

One of the main advantages of Ripple (XRP) is that it does not have common drawbacks such as high transaction rates and long transaction times. However, although having great benefits, the market environment at the moment has been and continue to value the price of Ripple way too low.

Many wonder the course Ripple (XRP) is going to take in the remaining months of this year. Ripple is still the third most significant virtual currency by market capitalization.

While those near the cryptocurrency blockchain shower praise for all that is done to make Ripple (XRP) significant for real-life uses, there are some who are still looking for answers. For example, many users are still not sure of the role and relevance of Ripple Labs in XRP’s performance. Read more from globalcoinreport.com…

thumbnail courtesy of globalcoinreport.com