XRP is the UK’s most popular cryptocurrency

The Ripple (XRP) news appears to be optimistic despite the SEC’s trial against Ripple. The eToro platform, one of the most popular for buying and selling cryptocurrencies, has concluded that XRP is the most popular cryptocurrency in the UK.

XRP is the most popular cryptocurrency in the UK

Data released by eToro shows that in the third quarter of 2021, crypto investors in the UK paid more attention to a Ripple-sponsored token designed for international payments.

So far, according to statistics, many investors have bought more money with Ripple than with other cryptocurrencies If XRP shows an improvement over the previous year of more than 100%

Now XRP is the number one cryptocurrency in the UK in the retail crypto market. In the second quarter of this year, XRP grew 4% and property growth increased 105% year over year.

Cardanos ADA is the second cryptocurrency British investors are considering after XRP. In the past three months, ADA has overtaken Ethereum in popularity here, growing 11% and bringing investors 1,230% year-over-year gain in 2021.

Investors have clung to Ripple for its profits and volatility. After its relationship with the Bhutanese monetary authority was revealed, Ripple is believed to be working with the UK central bank to bring a digital pound sterling to market. Ripple is a model that is fully committed to CBDC development.

This cryptocurrency has seen increasing institutional and retail acceptance in the last few months of this year. Ripple already supports Digital Pound Basis and is ready to work with agency parameters across international banks and address CBDC growth points.

XRP has become the bridge in the development of CBDCs. Many crypto fans hope that Ripple’s involvement with centralized banks and institutions will help generate Ripple profits. 80% of banks are studying the development of CBDCs.

The development of XRP in recent years

XRP is the sixth largest cryptocurrency in the world. In early 2021, the price was $ 0.22 and rose to $ 1.90 in April. Experts analyze and predict that the cryptocurrency can rise to $ 2 if the trading volume increases.

Ripple raises liquidity for payment providers, banks and market makers. Often used to solve problems with financial institutions, this cryptocurrency provides a faster and more efficient international money transfer system.

The main goal of Ripple is to enable banks, corporations, and other financial institutions to conduct currency exchange and payments more safely and faster than any other cryptocurrency on the market.

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