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add active $0.28  on  Jan 15, 2021 

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XRP icon XRP  at  $0.44  on  Dec 22, 2020

The Securities and Exchange Commission #SEC announced today that it has filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an unregistered, ongoing digital asset securities offering. www.sec.gov/...0-338

XRP icon XRP  at  $0.48  on  Dec 22, 2020

Ripple says it will be sued by the SEC over the alleged sale of unlicensed securities. This development has respawned the debate on whether XRP, a digital token associated with Ripple, is a security or a currency. If XRP is traded like a share or stock, i.e. as a security, it must be registered with the US Securities and Exchange Commission, according to Fortune. Ripple's CEO Brad Garlinghouse said his company "will continue to use XRP because it is the best digital asset for payments". twitter.com/...14273

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Overview of XRP

Ripple the company offers two things for their clients: the Ripple cryptocurrency tokens called XRP and Ripple the platform which is a private blockchain. Ripple the company, launched in 2012, is actually a revenue generating entity whose objective is to create an internet of value, a global web made up of financial institutions and international banks using the Ripple platform to transfer funds.

If most global banks use their platform, then users will benefit from instantaneous transfers-takes about 3 seconds and close to zero transaction fees. Ripple processes close to 1500 TPS compared with Bitcoin which does 15 TPS.

All participating banks are part of the Ripple blockchain as they are plugged into the network through gateways in a unique feature called a Ripple Transaction Protocol.

Founders: Chris Larsen and Jed McCaleb
Release Date: October 28, 2016

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