RIPPLE jumped up again today as the cryptocurrency announced a slew of new partnerships. XRP is creeping up to $1 a coin again, but why is the token rising?
Despite appearing to be a competitor to bitcoin, Ripple serves a different purpose and is in fact a centralised transaction network used by banks for money transfers just like SWIFT.
Money sent on the Ripple network is converted into the XRP token on one end and then back into the currency of choice at the other end.
Ripple’s management are certain that XRP offers a faster and reliable alternative to other tokens like bitcoin.
Thank You ....
Nah it seemed to follow the same pattern of ever crypto today and is now down 2.18%