Ripple surges by 56% and becomes Second Largest Cryptocurrency in the World

Nishanth Shetty

Nishanth Shetty

December 30, 2017 11:11 am

Ripple surges by 56% and becomes Second Largest Cryptocurrency in the World | Coindelite News
3464 Total Views

Ripple News

Ripple increased nearly 56% on yesterday to an all-time high, moving one step forward than Ethereum and now it has become the second-largest cryptocurrency by market capitalization.

Ripple, which is officially called as XRP, now climbed 56 percent to a new record high of $2.23  yesterday.  The digital currency had a market capitalization of $86.3 billion, crossing Ethereum’s capital $73 billion.

Bitcoin still remaining as the largest cryptocurrency for so far. It has the capitalization of roughly $247 billion.

Ripple’s growth:

Ripple is officially the name of a San Francisco-based start-up using Blockchain technology for developing networks for banks, digital asset exchanges, and other financial institutions. Network participants use a digital coin which is called XRP for transactions. The Cryptocurrency has a four-second settlement time, versus more than two minutes for Ethereum and over an hour for bitcoin.

The firm says, more than 100 financial institutions use its network. In the last few weeks, some South Korean and Japanese banks have been testing Ripple’s systems for cross-border payments.

The company owns 61 percent of the 100 billion XRP in presence.

No Comments
Bitcoin is a Scam says Former CEO of Paypal

PayPal Former CEO Bill Harris calls Bitcoin a Scam Bill Harris, Former CEO of Paypal has shared an opinion on bitcoin where he called the digital currency. He said: “Bitcoin is a scam a colossal pump-and-dump scheme, the likes of which the world has never seen.” Harris’s discussion targeted Bitcoin …

UK-based Startup App to Add Ripple(XRP) Soon

Ripple(XRP) to be Included in Revolut Global Money App A global banking alternative based in the United Kingdom named Revolut plans to add Ripple (XRP) any moment. This decision was taken after it said Bitcoin, Litecoin, and Ethereum to its app used for financial transactions. Using the standard Revolut account, …

Nasdaq CEO said, ‘Would Consider’ Creating a Cryptocurrency Exchange

Adena Friedman CEO of Nasdaq says they are Open to become Cryptocurrency Exchange On Wednesday, CEO of Nasdaq proposed that the company could open a digital currency exchange in the Future. The subject came up during an interview with CNBC, in which CEO Adena Friedman showed openness to the idea. …

Nasdaq Tech to be Used as a Monitor Trading Platform by Gemini

Crypto  Exchange Gemini is Going to Monitor Trading through Nasdaq Tech On Wednesday Cryptocurrency exchange Gemini announced that it is collaborating with Nasdaq for monitoring trading activities on its platform. The announcement says that Gemini will be using Nasdaq’s SMARTS Market Surveillance offering for automatically identifying any potential price direction …

Cashierest Faced Internal System Error and Gave Free Coins to Users

Internal System Error at Korean Digital Currency Exchange Gave clients Free Coins A South Korean Digital Currency exchange said it suffered an internal system error which hit withdrawals. The exchange asserts that clients were able to withdraw five times the no. of coins they asked. It is requesting for the …

CasinoCoin (CSC) Planning to Collaborate with Ripple for Further Online Gambling

Ripple Methodologies to be Used by CasinoCoin (CSC) to Implement Online Gambling Involving Blockchain technology A lot of similarities are shared between Casinos and cryptocurrencies; having a massive financial industry with a skeptical view. Casinos are, however, benefiting the operator versus the gambler, while cryptocurrency still lacks trustworthiness. Coincidently, the …

Press Release

shares