What is Ripple (XRP) cryptocurrency?

Besides Bitcoin and Ether, XRP is the third-largest cryptocurrency by market capitalization (at the time of writing). Like the top two cryptocurrencies, XRP, the token, is linked to a technology platform, Ripple, which was conceived as a way to facilitate cheaper payments and money transfers across borders and because of this, it has received significant interest from major banks around the world.

Those who love the cryptocurrency point to its potential to radically reduce friction in the global finance system. Its detractors say that XRP shouldn’t even be considered a “cryptocurrency” (in the classical sense of the word) since its Ripple Consensus Ledger does not necessarily use XRP as an incentive to network node operators in the same manner as Bitcoin or Ether and because the platform can allegedly freeze funds arbitrarily.

Despite this fact, XRP remains popular with cryptocurrency investors and the Ripple platform has attracted strong interest from major players in the financial industry. Another important fact to know is that Ripple Labs currently controls 61% of the supply of XRP and the company regularly sells amounts of XRP on the market to fund its operations. What is cryptocurrency XRP

Despite this, XRP continues to enjoy strong interest from its loyal community and Ripple as a company continues to row and expand with a Series C ($200 million) round of investment led by international investment firm Tetragon in December 2019.

Ripple (XRP) cannot be traded through Bitcoin Suisse. You can trade over 37 other cryptocurrencies and over 430 currency pairs through Bitcoin Suisse Online, including Bitcoin, Ethereum, Litecoin, Tezos, Bitcoin Cash and more.

 

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