Ripple: The current boss of Cryptocurrency Bitcoin is going down, at the same time, the Ripple which is the third most valuable cryptocurrency according to the digital currency data information service, Coin Market Cap as of 29th December 2017. After the South Korean's cryptocurrency banning announcement, Bitcoin falls $1,000 on trading, it fell around 8 percent to $14,200, also the Ethereum slashed down to $725. But, XRP price jumps high, at present it holds the $58.5 billion market cap. Within a week, especially in the December 2017, it gains more than others, it rises 20 percent high during a week.
RippleNet (XRP) is working and designed for global money transfer as a payment network for banks and financial institutions. It allows to send and receive currency and complete the transactions as quickly, also in a most cheapie way when to compare with the other existing systems.
As of 29th December, it hits 1.51 USD which is the all-time high in XRP history. RippleLabs was the parent company which was founded in 2012. They started their motive on August 2013 and focusing on the bank transfer. In the December 2017, it opens with the value of $0.25 per coin.
Recently, on Wednesday, the Ripple's Asian subsidiary and a group of Japanese credit card companies announced a new association. The reason behind this consortium is to identify the way to merge the credit card payments with the technology of blockchain and distributed ledger.
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According to the report of Forbes, the interest over Ripple becomes high in Asia. The CEO and co-founder of Polynom Crypto Capital, Alexey Ivanov said that “Asians are going mad for Ripple,” told Forbes.
How to Buy Ripple in USA, UK, UAE & Other Countries
Are you looking to buy XRP (Ripple)?
Use Coinbase which is the most mainstream for buying crypto coins, But it allows you to buy only bitcoin, ether, litecoin, and bitcoin cash. You can use the Binance to buy Ripple and also, they have more other coins. So, you can trade by using others on your own research.
Also, buy XRP with some of the other options such as Kraken, Bitstamp, ShapeShift, Bitso, or GateHub.
The official website has listed their top five important things which happened in 2017.
- Ripple Escrows XRP for Supply Predictability.
- Ripple to Place 55 Billion XRP in Escrow to Ensure Certainty of Total XRP Supply.
- Announcing Swell by Ripple.
- Federal Reserve Task Force Ripple Improves Speed Transparency Global Payments.
- XRP Liquidity to Deepen with Listings on Six New Exchanges.
On December 14, the value of this coin rises high and become the third largest cryptocurrency on the market. At the time, it increases more than 4,100% year-to-date. On 21st December, it touches its first $1, then it continues the steps high. During that time, some analysists said that the value of this coin will reach high during Christmas and New Year week. It becomes true now!