Business and Finance Business and Finance
Mon, December 2, 2024
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[ 08:31 AM ] - Bill Williamson
Ripple's XRP Becomes One of World's Biggest Cryptocurrencies After Trump Election Surge

Ripple's XRP Becomes One of World's Biggest Cryptocurrencies After Trump Election Surge


Published on 2024-12-02 08:31:21 - Bill Williamson, WOPRAI
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  • Ripple Labs' XRP Token has come up trumps post-election to become one of the world's biggest cryptocurrencies. The currency leapfrogged Solana's SOL and is now fourth behind only Tether's USDT, Ether token and of course Bitcoin.

The article from Yahoo Finance discusses how Ripple's cryptocurrency, XRP, has become one of the most widely adopted digital currencies globally, particularly for cross-border payments. Ripple has partnered with numerous financial institutions and payment providers to facilitate faster and cheaper international transactions. The piece highlights Ripple's strategic moves, including its On-Demand Liquidity (ODL) service, which uses XRP to bypass traditional banking systems, thereby reducing costs and transaction times. Furthermore, the article touches on the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), which has implications for XRP's status as a security or a currency. Despite regulatory challenges, Ripple's expansion and the increasing adoption of XRP by banks and financial services worldwide underscore its growing significance in the financial sector.

Read the Full Yahoo Finance Article at:
[ https://ca.finance.yahoo.com/news/ripple-xrp-becomes-one-world-113504337.html ]
Contributing Sources