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Everyone loves to indulge in the occasional slots and casino games unless they start losing money and rewards.
Since the time of its advent, Ripple has always been talking of the town amongst the investors and analysts alike. It showed over 35000% growth and held a market capitalization value of 118 billion dollars in the last year. Even though it has become a talked-about cryptocurrency, many people are still unaware of Ripple. Before we delve further into the matter, let us discuss a brief synopsis about the cryptocurrency and its importance in the industry.
Founded by Chris Larsen and Jed McCaleb, Ripple is a payment solution provider. The Ripple Transaction Protocol or the RTXP holds the cryptocurrency XRP. It offers the most affordable, reliable, and fastest transaction solutions for every financial institution. While the company has produced about a hundred billion XRPs, it holds the stake of 61% coins. Currently, they are planning to release a further of 1 billion coins every month.
The company has already introduced a new product, xRapid, in lines to the XRP. This provides an additional opportunity to banks for using XRP. The currency is gaining immense popularity amongst investors who find it a potential financial vehicle for banks worldwide.
Ripple is finding predominance as a rising cryptocurrency. It has a different role to play than Bitcoin as the founding company itself controls it. It’s will mostly be used by the different banks and is speculated to increase in value.
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