Ripple Executives Remain Confident Following XRP Lawsuit Ruling
Mar 17, 2023
Ripple executives are confident in the company’s global business operations after the recent court decision in the SEC’s lawsuit against …
Ripple (XRP) is a cryptocurrency that Ripple Labs created in 2012. It is designed to be a fast and low-cost way to transfer money internationally. Ripple’s technology is based on a decentralized digital ledger called the XRP Ledger, which uses a consensus algorithm to validate transactions and maintain the network. Ripple’s goal is to provide a more efficient and cost-effective alternative to traditional payment systems such as SWIFT, which can be slow and expensive. Ripple’s native cryptocurrency, XRP, is used as a bridge currency to facilitate cross-border transactions and is also traded on various cryptocurrency exchanges.