While Bitcoin may be the most popular form of cryptocurrency on the market, there are other digital currencies making a name for themselves. Ethereum and Litecoin are two cryptocurrencies which have rivaled Bitcoin for quite some time. However, Ripple is another digital currency which is starting to be a big player in the market. It’s value spiked in the last few weeks and is continuing on an upward trend. It is still worth considerably less than Bitcoin, but it is gaining newfound attention.
Ripple (Ripple XRP) was launched in 2012 to enable global financial transactions. Ripple’s goal is to connect the thousands of different banking ledger systems into one consolidated system and reduce the need for banking institutions to park massive amounts of capital in order to facilitate transactions. What sets Ripple apart from the other digital currencies its current use with well-known banking institutions.
For more information on the developments in Ripple (XRP), please visit our company blog site!
James River Capital Corp 