XRP (XRP) is a cryptocurrency . XRP has a current supply of 99,989,739,391 with 47,949,281,138 in circulation. The last known price of XRP is 0.77486235 USD and is down -1.29 over the last 24 hours. It is currently trading on 684 active market(s) with $2,788,448,836.02 traded over the last 24 hours. More information can be found at https://xrpl.org/.

description

<h2 class="MuiBox-root jss4921"><strong>Token Usage</strong></h2>
<div class="MuiBox-root jss4922"><strong>Key Info</strong>
<div class="jss4952">Token Type: Native. Token Uses: Payments</div>
<div class="MuiBox-root jss4999"><hr class="MuiDivider-root jss4292 MuiDivider-light jss4293" /></div>
<div class="MuiBox-root jss5000 jss4925">
<p class="MuiTypography-root jss4924 MuiTypography-body2 MuiTypography-paragraph">XRP is used as a native currency within the XRP Ledger. XRP can be used for peer-to-peer payments within the XRP network. With its fast block times, XRP aims to offer high throughput and quick transactions offering <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://www.ripple.com/xrp/" target="_blank" rel="noreferrer noopener">1500 transactions per second capacity and 4 second settlement times</a>. XRP's primary use is as a bridge currency for financial institutions exchanging value between multiple fiat currencies using Ripple's xRapid, an on-demand liquidity solution.</p>
</div>
</div>
<nav>
<div class="MuiGrid-root MuiGrid-container MuiGrid-spacing-xs-3 MuiGrid-justify-xs-space-between">
<div class="MuiGrid-root MuiBox-root jss4994 MuiGrid-item MuiGrid-grid-xs-12 MuiGrid-grid-sm-true">
<div>
<h2 class="MuiBox-root jss4921">Launch &amp; Initial Token Distribution</h2>
<div class="MuiBox-root jss4922">
<div class="MuiBox-root jss5001 jss4925">
<p class="MuiTypography-root jss4924 MuiTypography-body2 MuiTypography-paragraph">100 billion XRP were pre-mined in January 2013 and allocated as follows:</p>
<ul>
<li>20% was retained by the founders of XRP. Chris Larsen and Jed McCaleb each received 9.5 billion XRP. Arthur Britto received 1 billion XRP.</li>
<li>77.8% was allocated to Ripple</li>
<li>0.2% was airdropped as an experiment to try and expand usage as part of the launch.</li>
</ul>
<p class="MuiTypography-root jss4924 MuiTypography-body2 MuiTypography-paragraph">In 2014, Chris Larsen committed 7 billion XRP from his allocation to a charitable foundation. Jed McCaleb donated 2 billion of his allocation to a donor-advised fund. In 2014 McCaleb negotiated an exit agreement from the project dictating his remaining allocation would be held in a custodial account and released to him on a monthly schedule. A daily cap on the amount he can sell of the tokens released is included in the agreement. Today, Ripple&rsquo;s selling restrictions on co-founder Jed McCaleb allow him to sell his allocation at a theoretical maximum rate of 1% of daily trading volume.</p>
</div>
</div>
</div>
</div>
</div>
</nav><hr class="MuiDivider-root jss4292 MuiDivider-light jss4293" />
<p><strong>Funding Rounds</strong></p>
<div class="MuiBox-root jss5003">
<div class="jss5008">
<div class="MuiBox-root jss5009">
<div class="MuiBox-root jss5010">
<div class="MuiTypography-root MuiBox-root jss5011 MuiTypography-body2">
<table style="border-collapse: collapse; width: 100%; height: 95px;" border="1">
<tbody>
<tr style="height: 19px;">
<td style="width: 23.6215%; height: 19px;">Angel Round</td>
<td style="width: 23.6215%; height: 19px;">
<div class="jss5005 jss5007" title="">$1.40M</div>
</td>
<td style="width: 23.6215%; height: 19px;">
<div class="jss5005 jss5006">May 2013</div>
</td>
<td style="width: 23.6215%; height: 19px;">Private</td>
</tr>
<tr style="height: 19px;">
<td style="width: 23.6215%; height: 19px;">
<div class="jss5008">
<div class="MuiBox-root jss5009">
<div class="MuiBox-root jss5010">
<div class="MuiTypography-root MuiBox-root jss5011 MuiTypography-body2">Seed Round</div>
</div>
</div>
</div>
</td>
<td style="width: 23.6215%; height: 19px;">
<div class="jss5005 jss5007" title="">$3.50M</div>
</td>
<td style="width: 23.6215%; height: 19px;">Nov 2013</td>
<td style="width: 23.6215%; height: 19px;">Private</td>
</tr>
<tr style="height: 19px;">
<td style="width: 23.6215%; height: 19px;">
<div class="MuiBox-root jss5020">
<div class="MuiTypography-root MuiBox-root jss5021 MuiTypography-body2">Series A</div>
</div>
</td>
<td style="width: 23.6215%; height: 19px;">
<div class="jss5005 jss5007" title="">$32.00M</div>
</td>
<td style="width: 23.6215%; height: 19px;">May 2015</td>
<td style="width: 23.6215%; height: 19px;">Private</td>
</tr>
<tr style="height: 19px;">
<td style="width: 23.6215%; height: 19px;">
<div class="MuiBox-root jss5020">
<div class="MuiTypography-root MuiBox-root jss5021 MuiTypography-body2">Series B</div>
</div>
</td>
<td style="width: 23.6215%; height: 19px;">
<div class="jss5005 jss5007" title="">$55.00M</div>
</td>
<td style="width: 23.6215%; height: 19px;">Sep 2016</td>
<td style="width: 23.6215%; height: 19px;">Private</td>
</tr>
<tr style="height: 19px;">
<td style="width: 23.6215%; height: 19px;">
<div class="MuiBox-root jss5020">
<div class="MuiTypography-root MuiBox-root jss5021 MuiTypography-body2">Series C</div>
</div>
</td>
<td style="width: 23.6215%; height: 19px;">
<div class="jss5005 jss5007" title="">
<div class="jss5005 jss5007" title="">$200M</div>
</div>
</td>
<td style="width: 23.6215%; height: 19px;">Dec 2019</td>
<td style="width: 23.6215%; height: 19px;">Private</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
</div>
<div class="jss5008">
<div class="MuiBox-root jss5014">
<div class="MuiBox-root jss5015">
<div class="MuiTypography-root MuiBox-root jss5016 MuiTypography-body2">&nbsp;</div>
</div>
</div>
</div>
<div class="jss5008">
<div class="MuiCollapse-container MuiCollapse-hidden">
<div class="MuiCollapse-wrapper">
<div class="MuiCollapse-wrapperInner">
<div class="MuiBox-root jss5033">&nbsp;</div>
</div>
</div>
</div>
</div>
</div>
<div class="MuiBox-root jss5034"><hr class="MuiDivider-root jss4292 MuiDivider-light jss4293" /></div>
<p><strong>Initial Supply Breakdown</strong></p>
<p>Updating.</p>
<h2 class="MuiBox-root jss4921"><strong>Supply Schedule</strong></h2>
<div class="MuiBox-root jss4922">
<h3 class="MuiTypography-root MuiTypography-h3 MuiTypography-gutterBottom">Key Info</h3>
<div class="jss4952">General Emission Type: Deflationary. Precise Emission Type: Programmatic burn. Capped Supply: Yes</div>
<div class="MuiBox-root jss5042"><hr class="MuiDivider-root jss4292 MuiDivider-light jss4293" /></div>
<div class="MuiBox-root jss5044">
<div class="MuiBox-root jss5045">
<h3 class="MuiTypography-root MuiTypography-h3">Liquid Supply Curve</h3>
<div class="MuiButtonBase-root MuiButton-root MuiButton-outlined jss5060 MuiButton-outlinedSizeSmall MuiButton-sizeSmall" tabindex="0" role="button" aria-disabled="false">Updating</div>
</div>
<div class="MuiBox-root jss5057"><hr class="MuiDivider-root jss4292" /></div>
</div>
<h3 class="MuiTypography-root MuiTypography-h3 MuiTypography-gutterBottom">Details</h3>
<div class="MuiBox-root jss5058 jss4925">
<p class="MuiTypography-root jss4924 MuiTypography-body2 MuiTypography-paragraph">XRP outstanding supplied is designed to be deflationary. XRP is burned to pay fees for transactions via Ripplenet. Nevertheless, XRP liquid and circulating supply are massively inflationary.</p>
<p class="MuiTypography-root jss4924 MuiTypography-body2 MuiTypography-paragraph">In December 2017, Ripple placed 55 billion XRP into escrow in order to alleviate concerns that a massive amount of XRP could hit the market all at once with substantial negative price impact. 1 billion is being released monthly to support Ripple&rsquo;s ongoing operation of Ripplenet. Any unused funds are returned to escrow at the end of the month. On average Ripple re-escrows 700 million and 300 million XRP become liquid each month.</p>
<p class="MuiTypography-root jss4924 MuiTypography-body2 MuiTypography-paragraph">Ripple generated revenue from ongoing XRP sales, which account for well over 90% of the company's revenue. There are two types of XRP sales that the company discloses:</p>
<ul>
<li>Programmatic sales<strong>:</strong> These come from the company&rsquo;s XRP reserve, and can be sold at a rate of no more than 0.25% of average daily volume on d

Token Economics

<p><em>XRP, which was first introduced in 2012, has grown to become one of the world&rsquo;s major cryptocurrencies.</em></p>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
<div class="wp-block-embed__wrapper">
<div class="jeg_video_container jeg_video_content">&nbsp;</div>
</div>
</figure>
<h1 id="what-is-ripple" class="has-luminous-vivid-orange-color has-text-color"><span id="What_is_Ripple" class="ez-toc-section"></span>What is Ripple?</h1>
<p><strong>Ripple&nbsp;is a payment system that processes international money transfers via the use of blockchain technology.</strong>&nbsp;It is financial system that functions as both a cryptocurrency&nbsp;<strong>($XRP)</strong>&nbsp;and a digital payment network. Known for charging cheap transaction costs and completing transactions in record speed, and it has worked with hundreds of financial institutions that have used its technology. The company&rsquo;s primary process is a payment settlement asset exchange and remittance system, comparable to the&nbsp;<strong>SWIFT&nbsp;</strong>system for international money and security transfers, which banks and financial intermediaries utilize when transacting in multiple currencies.</p>
<p><strong>Ripple runs on an open-source, peer-to-peer decentralized infrastructure that enables the frictionless movement of money in any currency, including dollars, yen, euros, and cryptocurrencies such as litecoin and bitcoin.</strong></p>
<p>Rather of using typical blockchain mining techniques,<strong>&nbsp;the Ripple network employs a novel distributed consensus mechanism, to validate transactions,</strong>&nbsp;participating nodes conduct a poll to determine the transaction&rsquo;s legitimacy. This occurs nearly instantly, allowing for rapid confirmations in the lack of a central authority.&nbsp;<strong>Transactions consume less energy than bitcoin transactions, are confirmed in seconds, and are extremely inexpensive,&nbsp;</strong>whereas bitcoin transactions consume more energy, take longer to confirm, and have higher transaction fees.</p>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/01/benefit.png"><img class="wp-image-59548" title="What is Ripple ($XRP)? Superior global payments business across 55+ Countries 1" src="https://news.coincu.com/wp-content/uploads/2022/01/benefit.png" sizes="(max-width: 554px) 100vw, 554px" srcset="https://news.coincu.com/wp-content/uploads/2022/01/benefit.png 554w, https://news.coincu.com/wp-content/uploads/2022/01/benefit-300x231.png 300w" alt="ripple" width="554" height="426" loading="lazy" data-id="59548" data-pin-no-hover="true" /></a>
<figcaption>&nbsp;&nbsp;</figcaption>
</figure>
</figure>
<h2 id="history-of-ripple"><span id="History_of_Ripple" class="ez-toc-section"></span><strong>History of Ripple</strong></h2>
<p><strong>Jed McCaleb,</strong>&nbsp;an American programmer and entrepreneur who dropped out of UC Berkeley,&nbsp;<strong>came up with the idea for Ripple in 2011.</strong>&nbsp;He started his company, called OpenCoin,&nbsp;<strong>in 2012.</strong>&nbsp;He had already made Mt. Gox, which was supposed to be a place where Magic: The Gathering cards could be traded, but it turned out to be a very important and very bad place to buy and sell bitcoins.&nbsp;<strong>McCaleb had Arthur Britto and David Schwartz,</strong>&nbsp;two of his co-developers, help him build&nbsp;<strong>Ripple.&nbsp;</strong>As a result,&nbsp;<strong>Britto and Schwartz had Ryan Fugger</strong>&nbsp;bring their idea to life,&nbsp;<strong>as Fugger turned his OpenCoin system into Ripple</strong></p>
<p><strong>Over 100 banks had agreed to use Ripple by 2018</strong>. Most used the infrastructure&rsquo;s messaging features rather than the XRP cryptocurrency itself. The firm filed a class-action lawsuit against itself because it sold&nbsp;<strong>XRP</strong>&nbsp;tokens without having to register them. This meant that they made millions of dollars from the sales. According to the&nbsp;<strong>Securities and Exchange Commission (SEC)</strong>, Ripple&rsquo;s leadership allowed the sale of unregistered securities. In 2020, as part of its legal case against&nbsp;<strong>Ripple,</strong>&nbsp;the SEC said that the company was selling unregistered securities</p>
<p><strong>There was a big rise in the value of XRP in April 2021,</strong>&nbsp;even though the U.S. was accusing Ripple of raising more than one billion dollars by selling&nbsp;<strong>XRP&nbsp;</strong>on allegedly unregistered securities selling.</p>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/01/rm-1.jpg"><img class="wp-image-59604" title="What is Ripple ($XRP)? Superior global payments business across 55+ Countries 2" src="https://news.coincu.com/wp-content/uploads/2022/01/rm-1.jpg" sizes="(max-width: 878px) 100vw, 878px" srcset="https://news.coincu.com/wp-content/uploads/2022/01/rm-1.jpg 878w, https://news.coincu.com/wp-content/uploads/2022/01/rm-1-262x300.jpg 262w, https://news.coincu.com/wp-content/uploads/2022/01/rm-1-768x881.jpg 768w, https://news.coincu.com/wp-content/uploads/2022/01/rm-1-750x860.jpg 750w" alt="ripple" width="878" height="1007" loading="lazy" data-id="59604" data-pin-no-hover="true" /></a>
<figcaption>&nbsp;</figcaption>
</figure>
</figure>
<h2 id="xrp-token"><span id="XRP_token" class="ez-toc-section"></span><strong>XRP token</strong></h2>
<p>At its commencement,&nbsp;<strong>100 billion XRP units were generated,</strong>&nbsp;an official figure that will neither rise or decrease in accordance with the protocol. The&nbsp;<strong>XRP</strong>&nbsp;inventors provided the corporation with&nbsp;<strong>80% of all XRP, while retaining 20%</strong>&nbsp;for themselves. This feature of&nbsp;<strong>XRP</strong>&nbsp;is one of the reasons banks and corporations have embraced the digital currency; there is no mining process to mint new units of XRP due to its centralization</p>
<p><strong>XRP&rsquo;s primary use is as a bridge currency.&nbsp;</strong>When money is converted in traditional settlement procedures, the USD is used as the common currency.&nbsp;<strong>XRP&nbsp;</strong>was created with the goal of eventually displacing the USD as the preferred settlement currency for financial organizations. By initially converting the value of a fiat currency to the digital&nbsp;<strong>XRP,</strong>&nbsp;rather than&nbsp;<strong>USD</strong>, exchange rate costs and margins may be avoided, while processing times can be shortened. You can purchase XRP as an investment, a coin to swap for other cryptocurrencies, or a way of funding Ripple network transactions</p>
<p>Read More: <a href="https://coincu.com/currencies/xrp-xrp/stories/">Click Here&nbsp;</a></p>

All about

<h1 id="how-does-it-work" class="has-luminous-vivid-orange-color has-text-color">How does it work?</h1>
<p><em>When it comes to Ripple and XRP, there are two primary technologies to be aware of. The XRP ledger (XRPL) and the Ripple Protocol Consensus Algorithm are two examples (RPCA). This is how they operate.</em></p>
<h2 id="ledger-xrp-xrpl"><span id="Ledger_XRP_XRPL" class="ez-toc-section"></span><strong>Ledger XRP (XRPL)</strong></h2>
<p><strong><a href="https://ripple.com/files/ripplenet_brochure.pdf" target="_blank" rel="noopener">RippleNet</a>&nbsp;is constructed on top of its own distributed ledger database like a blockchain, dubbed XRP Ledger (XRPL),&nbsp;</strong>which holds accounting information about network members and reconciles transfers between numerous currency pairings. The transaction ledger is maintained by a committee of validators who function similarly to miners and full-node operators in order to reach consensus in three to five seconds&mdash;instead of the ten minutes required by Bitcoin.<strong>&nbsp;Validators validate transactions for no monetary incentive because there are no miners vying to confirm transactions for block rewards.</strong></p>
<p>Anyone may become an&nbsp;<strong>XRP</strong>&nbsp;validator, but to earn confidence and be utilized by others on the network, validators must join Ripple&rsquo;s unique node list&nbsp;<strong>(UNL),</strong>&nbsp;therefore establishing them as a trusted validator. These centralized validators are crucial for preventing transaction double-spending and censorship. There are now just&nbsp;<strong>35 active XRP validators,&nbsp;</strong>six of which are operated by the firm.</p>
<h2 id="ripple-protocol-consensus-algorithm-rpca"><span id="Ripple_Protocol_Consensus_Algorithm_RPCA" class="ez-toc-section"></span><strong>Ripple Protocol Consensus Algorithm (RPCA)</strong></h2>
<p>Rather than decentralization, XRP&rsquo;s architecture is based on speed and cost. Unlike other cryptocurrencies such as Bitcoin and Ethereum, which are created on the blockchain and certified by miners using the Proof of Work consensus method,&nbsp;<strong>Ripple uses its own consensus mechanism, the Ripple Protocol Consensus Algorithm, to confirm transactions (RPCA).</strong></p>
<p>By bypassing the energy-intensive mining associated with Proof of Work, transactions consume less energy than Bitcoin or Ethereum transactions, are confirmed faster, and cost less. However, this speed is accomplished in part because to XRP&rsquo;s centralized architecture, which critics believe renders it less secure, censorship-resistant, and permissionless than open-source blockchain networks.</p>
<h1 id="about-ripplenet" class="has-luminous-vivid-orange-color has-text-color"><span id="About_RippleNet" class="ez-toc-section"></span>About RippleNet</h1>
<p>Unlike the traditional ecosystem banks have worked with,&nbsp;<strong><a href="https://ripple.com/files/ripplenet_brochure.pdf" target="_blank" rel="noopener">RippleNet</a>&nbsp;is a global network that financial institutions can use to transfer money faster, with more transparency, and for less fee.</strong>&nbsp;This is rather than of the many separate systems banks have worked with in the past. In order to use RippleNet, you only need to use one application programming interface&nbsp;<strong>(API).</strong>&nbsp;The company used to have products called xRapid, xCurrent, and xVia.&nbsp;<strong>In 2019, the company combined those solutions into one called RippleNet</strong></p>
<p class="has-medium-font-size">Creating a New Global Payments Infrastructure</p>
<p>The needs of individuals and businesses sending cross-border payments have dramatically evolved. These customers are now demanding real-time, low-cost and fully trackable payments on a global scale. Yet, today&rsquo;s global payments infrastructure yields an experience that is slow, costly and opaque. Ripple solves these pain points through RippleNet, a network of banks, payment providers and others. Employing Ripple&rsquo;s solutions and a standardized ruleset allows for those connected on RippleNet to efficiently send and receive payments around the world.</p>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped"></figure>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/01/rpnet1.png"><img class="wp-image-59601" title="What is Ripple ($XRP)? Superior global payments business across 55+ Countries 5" src="https://news.coincu.com/wp-content/uploads/2022/01/rpnet1-1024x482.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2022/01/rpnet1-1024x482.png 1024w, https://news.coincu.com/wp-content/uploads/2022/01/rpnet1-300x141.png 300w, https://news.coincu.com/wp-content/uploads/2022/01/rpnet1-768x361.png 768w, https://news.coincu.com/wp-content/uploads/2022/01/rpnet1-750x353.png 750w, https://news.coincu.com/wp-content/uploads/2022/01/rpnet1-1140x536.png 1140w, https://news.coincu.com/wp-content/uploads/2022/01/rpnet1.png 1167w" alt="ripple" width="1024" height="482" loading="lazy" data-id="59601" data-pin-no-hover="true" /></a>
<figcaption>&nbsp;</figcaption>
</figure>
</figure>
<p>&nbsp;</p>

How does it work?

<h2 class="MuiBox-root jss4921"><strong>Governance</strong></h2>
<div class="MuiBox-root jss4922">
<div class="MuiBox-root jss5069 jss4925">
<p class="MuiTypography-root jss4924 MuiTypography-body2 MuiTypography-paragraph">Although the XRP Ledger is open source and individuals can submit pull request, a full-time development team at Ripple performs the majority of protocol development and determines the roadmap. Ripple acts as a steward of the Ripple network and an advocate for its interests and builds constructive relationships with governments and financial institutions worldwide.</p>
<p class="MuiTypography-root jss4924 MuiTypography-body2 MuiTypography-paragraph">While each server defines its own trusted validators, in order to ensure a high degree of overlap for the network to reliably reach consensus, Ripple publishes a list of recommended validators called the "Unique Node List" (UNL). Only the votes of the other members of the UNL are considered when determining consensus, giving Ripple the ability to significantly influence who gets to participate in consensus and who does not. Furthermore, Ripple also participates at the network level of the XRP Ledger, validating transactions.</p>
</div>
</div>
<nav>
<div class="MuiGrid-root MuiGrid-container MuiGrid-spacing-xs-3 MuiGrid-justify-xs-space-between">
<div class="MuiGrid-root MuiBox-root jss4994 MuiGrid-item MuiGrid-grid-xs-12 MuiGrid-grid-sm-true">
<div>
<h1 id="pros-and-cons-of-ripple" class="has-luminous-vivid-orange-color has-text-color">Pros and Cons of Ripple</h1>
<div class="wp-block-columns">
<div class="wp-block-column">
<p class="has-text-align-center has-luminous-vivid-orange-color has-text-color has-medium-font-size"><strong>Pros</strong></p>
<ul class="has-normal-font-size">
<li><strong>Transactions cost just 0.0001 XRP, very low fee<br /></strong></li>
<li><strong>A lot of big financial institutions, like Santander, use Ripple<br /></strong></li>
<li><strong>Transactions are usually confirmed in 4 or 5 seconds, which is very quick<br /></strong></li>
<li><strong>Ripple&rsquo;s exchange network can be used to buy and sell XRP, other cryptocurrencies, fiat currencies, and even gold</strong></li>
</ul>
</div>
<div class="wp-block-column">
<p class="has-text-align-center has-luminous-vivid-orange-color has-text-color has-medium-font-size"><strong>Cons</strong></p>
<ul class="has-normal-font-size">
<li><strong>XRP has already been mined. The value of XRP is hard to track&nbsp;because investors don&rsquo;t know when a bunch of it could be put into use<br /></strong></li>
<li><strong>XRP is not as decentralized as other cryptocurrencies due to its default set of validators<br /></strong></li>
<li><strong>The SEC sued Ripple in 2020. Due to its decentralized nature, the SEC believes it should be registered as a security. Until this is settled, several institutions and exchanges are cautious of it.</strong></li>
</ul>
</div>
</div>
<h1 id="should-you-invest-xrp" class="has-luminous-vivid-orange-color has-text-color">Should you invest $XRP?</h1>
<p><strong>Ripple</strong>&nbsp;has grown over the last several years into a high-performance money transfer network that enables faster and cheaper transactions.&nbsp;<strong>XRP</strong>&nbsp;is still a high-risk investment, and this is true even when compared to other cryptocurrencies.&nbsp;The&nbsp;<strong>SEC</strong>&nbsp;action resulted in the removal of&nbsp;<strong>XRP</strong>&nbsp;from numerous major exchanges, and it has also drawn criticism from members of the cryptocurrency community since it is controlled by a private firm.</p>
<p>It&rsquo;s not difficult to understand the potential of Ripple&rsquo;s technology. An inefficient and outmoded method of international money transfers might be replaced by this new approach. The fact that it has formed agreements with financial institutions is encouraging. Furthermore, any good changes in its legal standing might result in an increase in its market price.</p>
<p>However, what the cryptocurrency has planned for 2022 remains a mystery. Consider making a small investment in&nbsp;<strong>XRP</strong>&nbsp;if you believe that the company&rsquo;s growth will continue in the near future. Although it is not as safe as investing in stocks, if&nbsp;<strong>Ripple</strong>&nbsp;is successful, you may see a significant return on your investment.</p>
</div>
</div>
</div>
</nav>

Governance

<h1 id="conclusion-and-analysis" class="has-luminous-vivid-orange-color has-text-color">Conclusion and analysis</h1>
<p><strong><a href="https://news.coincu.com/59315-what-is-ripple-xrp/#Should_you_invest_XRP">Ripple </a>is both a currency-exchange system designed to allow fast and low-cost transactions, and a cryptocurrency in its own right. Ripple&rsquo;s primary goal is to connect financial institutions, payment providers, and digital asset exchanges to provide faster and cheaper global payments.</strong></p>
<p><strong>Find more information:</strong></p>
<p><strong>Website:</strong>&nbsp;<a href="https://ripple.com/3." target="_blank" rel="noopener">https://ripple.com/</a></p>
<p><strong>Twitter:</strong>&nbsp;<a href="https://twitter.com/Ripple" target="_blank" rel="noopener">https://twitter.com/Ripple</a></p>
<p><strong>Facebook:&nbsp;</strong><a href="https://www.facebook.com/ripplepay" target="_blank" rel="noopener">https://www.facebook.com/ripplepay</a></p>
<p><strong>Youtube:&nbsp;</strong><a href="https://www.youtube.com/c/Ripplepay" target="_blank" rel="noopener">https://www.youtube.com/c/Ripplepay</a></p>
<p>If you have any questions, comments, suggestions, or ideas about the project, please email&nbsp;<a href="mailto:ventures@coincu.com">ventures@coincu.com</a>.</p>
<p><strong>DISCLAIMER</strong>: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.</p>

Verdict

<div class="sc-16r8icm-0 kjciSH contentClosed hasShadow">
 <div>
  <div>
   <div class="sc-2qtjgt-0 eApVPN">
    <div>
     <h2 id="xrp-la-gi">
      XRP là gì?
     </h2>
     <p>
      Để bắt đầu, bạn cần phải hiểu sự khác biệt giữa XRP, Ripple và RippleNet. XRP là đồng tiền chạy trên nền tảng thanh toán kỹ thuật số gọi là RippleNet, nằm trên cơ sở dữ liệu sổ cái phân tán được gọi là XRP Ledger. Còn RippleNet được điều hành bởi một công ty có tên là Ripple, XRP Ledger là nguồn mở và không dựa trên blockchain, mà là cơ sở dữ liệu sổ cái phân tán đã đề cập trước đây.
     </p>
     <p>
      Nền tảng thanh toán RippleNet là hệ thống thanh toán gộp theo thời gian thực (RTGS) nhằm mục đích cho phép các giao dịch tiền tệ tức thì trên toàn cầu. Mặc dù XRP là tiền mã hóa có nguồn gốc từ XRP Ledger, nhưng bạn thực sự có thể sử dụng bất kỳ loại tiền tệ nào để giao dịch trên nền tảng này.
     </p>
     <p>
      Mặc dù ý tưởng đằng sau nền tảng thanh toán Ripple lần đầu tiên được Ryan Fugger công bố vào năm 2004, nhưng phải đến khi Jed McCaleb và Chris Larson tiếp quản dự án vào năm 2012 thì Ripple mới bắt đầu được xây dựng (tại thời điểm đó, nó còn được gọi là OpenCoin).
     </p>
     <h3 id="xrp-hot-ng-nh-th-nao">
      XRP hoạt động như thế nào?
     </h3>
     <p>
      XRP được Ripple tạo ra để trở thành một giải pháp thay thế nhanh chóng, ít tốn kém hơn và có khả năng mở rộng cao hơn cho cả các tài sản kỹ thuật số khác và các nền tảng thanh toán tiền tệ hiện có như SWIFT.
     </p>
     <p>
      Sổ cái của RippleNet được duy trì bởi Cộng đồng XRP toàn cầu, với công ty Ripple là một thành viên tích cực. XRP Ledger xử lý các giao dịch khoảng 3-5 giây một lần hoặc bất cứ khi nào các nút xác thực độc lập đi đến sự đồng thuận về cả thứ tự và tính hợp lệ của các giao dịch XRP — trái ngược với khai thác bằng chứng công việc như Bitcoin (BTC). Bất kỳ ai cũng có thể là người xác nhận Ripple và danh sách hiện bao gồm Ripple cùng với các trường đại học, tổ chức tài chính và những người khác.
     </p>
     <h3 id="toi-co-th-mua-xrp-bng-cach-nao">
      Tôi có thể mua XRP bằng cách nào?
     </h3>
     <p>
      Bạn có thể mua XRP trên bất kỳ sàn giao dịch nào cung cấp tiền kỹ thuật số. Để biết danh sách mới nhất về các sàn giao dịch và các cặp giao dịch sử dụng loại tiền mã hóa này, hãy nhấp vào, hãy nhấp vào
      <a href="#">
       tab các cặp giao dịch
      </a>
      của chúng tôi. Bạn hãy nhớ nghiên cứu kỹ lưỡng trước khi chọn sàn giao dịch!
     </p>
     <h3 id="toi-co-th-lu-tr-xrp-bng-cach-nao">
      Tôi có thể lưu trữ XRP bằng cách nào?
     </h3>
     <p>
      Bạn có thể lưu trữ XRP của mình trên một sàn giao dịch, nơi mà sàn giao dịch chịu trách nhiệm về sự an toàn cho tài sản của bạn hoặc lưu trữ XRP của bạn trong ví lạnh hoặc ví nóng.
     </p>
    </div>
   </div>
  </div>
 </div>
</div>

<div class="sc-cnqt8g-0 jivVTJ"><img class="post-preview-image" loading="lazy" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1642482147215.png" srcset="https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/11/twweet3.1@2x.png 1400w, https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/11/twweet3.1@2x-300x175.png 300w, https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/11/twweet3.1@2x-768x447.png 768w" alt="this week on crypto twitter" style="max-width:100%;overflow:hidden;width:100%"><div>Illustration by Mitchell Preffer for Decrypt</div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">In last week’s Crypto Twitter roundup, we included, “Desperate Housewives”</span> <span style="font-weight:400">star Eva Longoria’s open announcement that she was “</span><a href="https://twitter.com/EvaLongoria/status/1479621718528434178?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1479621718528434178%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fdecrypt.co%2F90038%2Fthis-week-on-crypto-twitter-cryptophunks-vs-bored-apes-bukele-defends-bitcoin-city" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">jumping into the #NFT space</span></a><span style="font-weight:400">.” She had asked her 7 million followers for advice on where to start, and the replies were predictably crammed with folk shilling her their NFT projects.</span></p><div class=" flex justify-center items-center"><div class=""><div id="div-gpt-ad-1634801906339-0-90503" data-google-query-id="COOd4f-6uvUCFWyKZgIdsJgD8A"><div id="google_ads_iframe_/22573224304/decrypt_desktop_articles_inline_0__container__" style="border: 0pt none;"><iframe id="google_ads_iframe_/22573224304/decrypt_desktop_articles_inline_0" title="3rd party ad content" name="google_ads_iframe_/22573224304/decrypt_desktop_articles_inline_0" width="300" height="250" scrolling="no" marginwidth="0" marginheight="0" frameborder="0" role="region" aria-label="Advertisement" tabindex="0" sandbox="allow-forms allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation" srcdoc="" style="border: 0px; vertical-align: bottom;" data-google-container-id="1" data-load-complete="true"></iframe></div></div></div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">She didn’t dally. On Monday, she changed her profile picture to her first NFT purchase: a World of Women NFT. World of Women is a collection of illustrations by artist Yam Karkai “featuring 10,000 artworks of diverse and powerful women” according to the </span><a href="https://opensea.io/collection/world-of-women-nft" target="_blank" rel="nofollow external noopener" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">description</span></a><span style="font-weight:400">. (Karkai made </span><i><span style="font-weight:400">Decrypt</span></i><span style="font-weight:400">’s list of the </span><a href="https://decrypt.co/88533/15-most-innovative-nft-artists-of-2021" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">most innovative NFT artists</span></a><span style="font-weight:400"> of 2021.)</span></p>
<div class="tweet-embed-container"><blockquote class="twitter-tweet">
<p lang="en" dir="ltr">Did I do this right? <a href="https://twitter.com/worldofwomennft?ref_src=twsrc%5Etfw" data-wpel-link="internal">@worldofwomennft</a> <br>&nbsp;<a href="https://twitter.com/hashtag/NewProfilePic?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="internal">#NewProfilePic</a> <a href="https://t.co/837jlQXWD9" data-wpel-link="internal">pic.twitter.com/837jlQXWD9</a></p>
<p>— Eva Longoria Baston (@EvaLongoria) <a href="https://twitter.com/EvaLongoria/status/1480658113833275392?ref_src=twsrc%5Etfw" data-wpel-link="internal">January 10, 2022</a></p></blockquote><div class="sc-lsn8jd-0 deJkMi"></div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"></p>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">Longoria joins Reese Witherspoon as a World of Women holder. And whether it was thanks to Longoria buying in, or thanks to the collection signing with Guy Oseary for Hollywood reputation (just as </span><a href="https://decrypt.co/83255/bored-ape-yacht-club-nft-film-tv-music-guy-oseary" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Bored Ape Yacht Club has</span></a><span style="font-weight:400">), the </span><a href="https://decrypt.co/90379/world-of-women-ethereum-nfts-surge-bored-apes-hollywood" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">price floor surged this week</span></a><span style="font-weight:400">.</span></p>
<h2 style="margin-top:2em;text-align:left" color="#333" class="sc-1t633a1-2 igUuUh">Andre and Klay go crypto</h2><div class="sc-3e2f5m-0 bQkWom"></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">NBA legend Andre Iguodala announced on Monday that he and Golden State Warriors teammate Klay Thompson are taking part of their salaries in Bitcoin via mobile payment service Cash App.&nbsp;</span></p>
<div class="tweet-embed-container"><blockquote class="twitter-tweet">
<p lang="en" dir="ltr">I’m excited to announce I’m taking part of my salary in BITCOIN w. Cash App! Bitcoin is the future, <a href="https://twitter.com/KlayThompson?ref_src=twsrc%5Etfw" data-wpel-link="internal">@klaythompson</a> and I are both believers. To make bitcoin more accessible, we're giving out $1M in bitcoin back to fans today. Drop your $cashtag w. <a href="https://twitter.com/hashtag/PaidInBitcoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="internal">#PaidInBitcoin</a> &amp; follow <a href="https://twitter.com/CashApp?ref_src=twsrc%5Etfw" data-wpel-link="internal">@CashApp</a></p>
<p>— andre (@andre) <a href="https://twitter.com/andre/status/1480616697119711234?ref_src=twsrc%5Etfw" data-wpel-link="internal">January 10, 2022</a></p></blockquote><div class="sc-lsn8jd-0 deJkMi"></div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"></p>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">The two NBA stars join a long list of pro athletes who have put part of their salary into Bitcoin, including </span><a href="https://decrypt.co/85023/aaron-rodgers-cash-app-giving-away-1-million-bitcoin" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Aaron Rodgers</span></a><span style="font-weight:400">, </span><a href="https://decrypt.co/86611/odell-beckham-jr-salary-bitcoin-give-away-1m-btc-cash-app" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Odell Beckham Jr.</span></a><span style="font-weight:400">, </span><a href="https://decrypt.co/61593/bitcoin-pushes-russell-okung-up-the-ranks-of-nfl-top-earners" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Russell Okung</span></a><span style="font-weight:400">, and </span><a href="https://decrypt.co/69064/nfl-trevor-lawrence-signs-endorsement-deal-with-blockfolio-ftx" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Trevor Lawrence</span></a><span style="font-weight:400">. (FTX investor and pitchman Tom Brady has said he’d “</span><a href="https://decrypt.co/81511/tom-brady-open-earn-part-salary-bitcoin-ethereum-solana" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">love to request that</span></a><span style="font-weight:400">,” but hasn’t.)</span></p>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"></p>

This Week on Crypto Twitter: NBA Stars Buy Bitcoin, Vitalik Welcomes Trolls, FWB DAO Ejects a Co-Founder

<div class="content-inner ">
<p><span style="font-weight: 400;">This man Jack Mallers has a way of finding himself in the middle of historic transactions. This time, the Strike CEO used the recently unveiled Twitter Tips Lightning integration to send $10 instantly to San Salvador. The person at the other end of the line then uses the money to buy coffee in a little-known independent coffee shop. We’re witnessing the fusion of one of the biggest social networks in the world with Bitcoin’s open monetary network.</span></p>
<div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 500px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-0" class="" style="position: static; visibility: visible; width: 500px; height: 943px; display: block; flex-grow: 1;" title="Twitter Tweet" src="https://platform.twitter.com/embed/Tweet.html?creatorScreenName=edprospero23&amp;dnt=true&amp;embedId=twitter-widget-0&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1441089090628177933&amp;lang=en&amp;origin=https%3A%2F%2Fbitcoinist.com%2Fwatch-jack-mallers-send-10-to-el-salvador-via-twitters-lightning-tips%2F&amp;sessionId=c1d699fb9276735e157c1ba4983c9f0c8f731b47&amp;siteScreenName=bitcoinist&amp;theme=light&amp;widgetsVersion=1890d59c%3A1627936082797&amp;width=500px" frameborder="0" scrolling="no" allowfullscreen="allowfullscreen" data-tweet-id="1441089090628177933"></iframe></div>
<p>&nbsp;</p>
<p><span style="font-weight: 400;">In </span><a href="https://jimmymow.medium.com/announcing-the-strike-api-c18a4e9c54de"><span style="font-weight: 400;">the linked blog post</span></a><span style="font-weight: 400;">, Jack Mallers explains the transaction and its significance:</span></p>
<p style="text-align: center;"><em><strong>Related Reading | <a href="https://bitcoinist.com/jack-mallers-outlines-bitcoin-top-issues-how-btc-will-drive-the-future-of-payments/">Jack Mallers Outlines Bitcoin Top Issues, How BTC Will Drive The Future of Payments</a></strong></em></p>
<blockquote>
<p><span style="font-weight: 400;">“In the above demo, I sent a $10 tip from my house in Chicago, USA to my friend David in San Salvador, El Salvador. The payment settled instantly for no fee. The singular, open, monetary network that allowed me to send an instant, free, cross-border payment to David is the same singular, open monetary network that allowed David to immediately use that money to buy a cup of coffee at Starbucks as soon as he got the Twitter notification that I had sent him money.”</span></p>
</blockquote>
<p><img class="size-medium wp-image-160396 aligncenter" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1638938880387.png" alt="BTCUSD price chart 09/25/2021 - TradingView" width="640" height="358" loading="lazy" data-lazyloaded="1" data-src="https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-640x358.png" data-srcset="https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-640x358.png 640w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-980x548.png 980w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-768x430.png 768w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-750x419.png 750w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37.png 1012w" data-sizes="(max-width: 640px) 100vw, 640px" data-pin-no-hover="true"><noscript><img loading="lazy" class="size-medium wp-image-160396 aligncenter" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1638938488196.png" alt="BTCUSD price chart 09/25/2021 - TradingView" width="640" height="358" srcset="https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-640x358.png 640w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-980x548.png 980w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-768x430.png 768w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-750x419.png 750w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37.png 1012w" sizes="(max-width: 640px) 100vw, 640px"></noscript></p>
<pre style="text-align: center;">BTC price chart for 09/25/2021 on Exmo | Source: BTC/USD on <a href="https://www.tradingview.com/symbols/BTCUSD/">TradingView.com</a></pre>
<h2><span style="font-weight: 400;">The previous time Jack Mallers found himself in the middle of a historic transaction</span></h2>
<p><span style="font-weight: 400;">When Strike’s CEO </span><a href="https://bitcoinist.com/watch-jack-mallers-send-free-instant-non-reversible-10-to-nigeria/"><span style="font-weight: 400;">sent $10 to Nigeria,</span></a><span style="font-weight: 400;"> he described that other transaction in terms that also apply to today’s historic transaction.&nbsp;</span></p>
<blockquote>
<p><span style="font-weight: 400;">“If you don’t see how huge this is, think about it as Jack Mallers does. He “didn’t have to register the transfer through a financial intermediary such as Western Union, request private banking details of Bernard Parah, or wait days for the payment to settle.” On the other side, Bernard “didn’t owe any intermediary a percentage of the transaction, the payment wasn’t reversible and settled instantly.”</span></p>
</blockquote>
<p><span style="font-weight: 400;">Bernard Parah’s Bitnob and Strike are interoperable because they both joined the Bitcoin and Lightning open monetary network. And now, Twitter and its millions of users joined both of those companies and the network. This is immense.&nbsp;</span></p>
<p><span style="font-weight: 400;">Also, the previous time Jack Mallers proclaimed, “</span><em><span style="font-weight: 400;">Today, Strike became the best remittance option from the US to Nigeria without even trying</span></em><span style="font-weight: 400;">.” This time, he feels even more confident:</span></p>
<blockquote>
<p><span style="font-weight: 400;">“Twitter’s integration with the Strike API turns Twitter into one of the best remittance experiences in the world, one of the greatest global creator marketplaces in the world, one of the greatest global payment experiences in the world, one of the best global micropayment marketplaces in the world, and allows an internet communications company to interoperate with the monetary standard for the world, enabling global payments for their users.”</span></p>
</blockquote>
<p><span style="font-weight: 400;">Boom!</span></p>
<div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 500px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-1" class="" style="position: static; visibility: visible; width: 500px; height: 1160px; display: block; flex-grow: 1;" title="Twitter Tweet" src="https://platform.twitter.com/embed/Tweet.html?creatorScreenName=edprospero23&amp;dnt=true&amp;embedId=twitter-widget-1&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1441092004759293965&amp;lang=en&amp;origin=https%3A%2F%2Fbitcoinist.com%2Fwatch-jack-mallers-send-10-to-el-salvador-via-twitters-lightning-tips%2F&amp;sessionId=c1d699fb9276735e157c1ba4983c9f0c8f731b47&amp;siteScreenName=bitcoinist&amp;theme=light&amp;widgetsVersion=1890d59c%3A1627936082797&amp;width=500px" frameborder="0" scrolling="no" allowfullscreen="allowfullscreen" data-tweet-id="1441092004759293965">

Watch Jack Mallers Send $10 To El Salvador Via Twitter’s Lightning Tips

<div class="sc-cnqt8g-0 epmiuL"><img class="post-preview-image" loading="lazy" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1636382356475.png" srcset="https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/03/Roberts-on-Crypto-Larger.png 540w, https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/03/Roberts-on-Crypto-Larger-300x122.png 300w" alt="roberts on crypto header" style="max-width:100%;overflow:hidden;width:100%"><div><span opacity="0.58" color="#333" class="sc-jb7pox-1 GwxAa"></span></div></div>
<p>Jack Dorsey, the <a href="https://decrypt.co/78391/why-does-jack-dorsey-hate-ethereum" target="_blank" class="sc-18vyx5u-0 hiPYeO">Bitcoin maximalist</a> CEO of Twitter, put his money where his mouth is this week. His company rolled out "<a href="https://decrypt.co/81731/twitter-bitcoin-tipping-nft-avatars" target="_blank" class="sc-18vyx5u-0 hiPYeO">Bitcoin tipping</a>" to its 300 million active users, a service that will let anyone send or receive Bitcoin by sharing a wallet address or using an app called <a href="https://decrypt.co/73845/el-salvadors-u-s-bitcoin-partner-lacks-key-licenses" target="_blank" class="sc-18vyx5u-0 hiPYeO">Strike</a>. And to top if off, Twitter also announced a plan to let users connect their Bitcoin wallets to <a href="https://decrypt.co/resources/non-fungible-tokens-nfts-explained-guide-learn-blockchain" target="_blank" class="sc-18vyx5u-0 hiPYeO">NFTs</a> tied to their identity.</p>
<p>Where to begin? For starters, this might be the most mainstream moment in Bitcoin's history. That's because Twitter isn't just a mega social media platform used by political and sports divs, but also a major force in media that helps drive the news of the day. Tying crypto payments to all this could spur tens of millions of people to use Bitcoin for the first time.</p><div class="pa-global-class pa-pl-16409 pa-pl-multiInsert" id="pa-container-1" style="z-index: 50; background: transparent; max-width: 166%; display: block; position: relative; width: 166%; pointer-events: none;"><div class="pa-unit-global pa-pl-16409" id="pa-unit-1" style="z-index: 1; height: 0px; background: transparent; position: relative;"><div class="pa-observer-px" style="height: 0px; width: 100%; background: transparent; position: absolute; left: 0px; top: 0px; pointer-events: none;"></div></div></div>
<p>The Bitcoin integration means Twitter has already done something other tech giants could not: Build a borderless payment system right into its app. You may recall Facebook sought to do that three years ago with a new type of stablecoin called Libra, but regulators <a href="https://decrypt.co/78891/facebook-crypto-wallet-is-ready-market-is-market-ready-novi" target="_blank" class="sc-18vyx5u-0 hiPYeO">all but killed the plan</a>. Twitter is more likely to avoid that fate since it doesn't wield Facebook's monopoly power and because it is relying on an existing global currency—Bitcoin—rather than trying to mint its own money.</p>
<p>Bitcoin tipping also coincides with the launch of a number of other new (non-crypto) Twitter products, including newsletters and a live forum called Spaces, that are designed to let artists and creators connect directly with their audiences. In practice, this means that a comedian in Mexico could perform on Twitter and instantly receive tips from people in Madrid, Buenos Aires and New York. The company has even set up an invoicing system.</p>
<p>The world has been waiting for something like this. For decades, media and culture have been borderless, but payments have not. Sure, we've been able to use credit cards (and crypto) internationally, but there's still no easy one-click tool plugged directly into the apps we use every day. Twitter's Bitcoin tipping feature could change that, and also spur the likes of YouTube, TikTok, and others to follow suit. Meanwhile, adding NFTs as a form of identification, as Twitter has pledged to do, could help <a href="https://decrypt.co/79071/cryptopunks-bored-apes-nft-avatar-trend-is-about-community-building" target="_blank" class="sc-18vyx5u-0 hiPYeO">make crypto communities</a> even more mainstream.</p>
<p>If people use the features.</p>
<span class="" style="display:inline-block"></span>
<p>First, Dorsey has to show he can pull this off. And that's an open question. Twitter delighted cryptoland by launching Bitcoin tipping—you can see how it works <a href="https://twitter.com/Twitter/status/1441085130487975952" target="_blank" class="sc-18vyx5u-0 hiPYeO">here</a>—but that doesn't mean it's going to work as planned. For one thing, the reliance on Strike could mean trouble, since the app and its obnoxious founder <a href="https://decrypt.co/73845/el-salvadors-u-s-bitcoin-partner-lacks-key-licenses" target="_blank" class="sc-18vyx5u-0 hiPYeO">don't appear ready</a> to deal with the regulatory issues that go along with launching a global payment network. Strike was also the partner for the El Salvador government's <a href="https://decrypt.co/80436/el-salvador-forced-through-bitcoin-law-any-means-necessary" target="_blank" class="sc-18vyx5u-0 hiPYeO">bumpy Bitcoin rollout</a>. And speaking of governments, the tax rules surrounding Bitcoin remain a mess, especially in the U.S., and it's possible that those who use Twitter tipping will find themselves with an unpleasant surprise come tax time—something that will certainly chill adoption.</p>
<p>Then there is Dorsey's decision to embrace Bitcoin and Bitcoin alone. This has already ruffled the feathers of Ethereum fans, and led <i>Decrypt</i>'s founder Josh Quittner to wonder if Dorsey excluded Ethereum over fears it would threaten Twitter's centralized platform. Whatever his motives, Dorsey's Bitcoin-only path will create political opposition from DeFi diehards the project could really use on its side.</p>
<p>Then, there are the practical problems with Twitters's plan, especially when it comes to NFTs. The company says it will let users display NFT-based badges that are tied to their wallets, but the Bitcoin blockchain doesn't appear up to this task, and Twitter refuses to explain how exactly this will work. Never a good sign.</p>
<p>The bottom line is that Twitter's Bitcoin initiative is full of promise, but fraught with peril. Hey, let's not judge just yet—the company has just pushed forward with a Bitcoin feat the world has never seen before, and for that it deserves kudos. Have a great weekend.</p>
<p><i>This is&nbsp;</i>Roberts on Crypto<i>, a weekend column from Decrypt Editor-in-Chief&nbsp;<a href="https://decrypt.co/author/daniel-roberts" target="_blank" rel="noopener" class="sc-18vyx5u-0 hiPYeO">Daniel Roberts</a>&nbsp;and Decrypt Executive Editor&nbsp;<a href="https://decrypt.co/author/jeff-john-roberts" target="_blank" rel="noopener" class="sc-18vyx5u-0 hiPYeO">Jeff John Roberts</a>. Sign up for the&nbsp;<a href="https://decrypt.co/modal/emails" target="_blank" rel="noopener" class="sc-18vyx5u-0 hiPYeO">Decrypt Debrief email newsletter</a> to receive it in your inbox in the future. And read last weekend's column:&nbsp;</i><a href="https://decrypt.co/81230/solana-outage-sol-growing-pains" target="_blank" class="sc-18vyx5u-0 hiPYeO">Solana's Growing Pains</a>.</p>

Bitcoin on Twitter: The Promise and the Problems

<div class="sc-ktzkjh-0 hIxHRr"><h4 color="#333" class="sc-1t633a1-4 PUmZU">In brief</h4><ul>
<li>Michael Burry once held around 5% of all GameStop shares.</li>
<li>He sold his position before the meme stock hit all-time highs above $400.</li>
<li>In January, he called for the SEC to regulate what he saw as "unnatural" trading.</li>
</ul><div class="sc-zni0p2-0 ggVtwx"></div></div><p><span style="font-weight:400">One of the biggest players in the GameStop saga is being drawn into an investigation by the U.S. Securities and Exchange Commission.</span></p>
<p><span style="font-weight:400">Michael Burry, head of investment firm Scion Asset Management, tweeted today that the firm has received a subpoena from the SEC. A scanned copy of the letter shows that it relates to GameStop Corp. and was issued on September 21. The tweet has since been deleted.</span></p><div class="pa-global-class pa-pl-16409 pa-pl-multiInsert" id="pa-container-1" style="z-index: 50; background: transparent; max-width: 166%; display: block; position: relative; width: 166%; pointer-events: none;"><div class="pa-unit-global pa-pl-16409" id="pa-unit-1" style="z-index: 1; height: 0px; background: transparent; position: relative;"><div class="pa-observer-px" style="height: 0px; width: 100%; background: transparent; position: absolute; left: 0px; top: 0px; pointer-events: none;"></div></div></div>
<p><span style="font-weight:400">Burry owned more than 5% of GameStop stock last year before </span><a href="https://www.forbes.com/sites/antoinegara/2021/02/16/michael-burry-the-hedge-fund-genius-who-started-gamestops-4000-rise-sold-before-its-reddit-surge/?sh=786678af6359" target="_blank" class="sc-18vyx5u-0 hiPYeO"><span style="font-weight:400">selling 1.7 million shares</span></a><span style="font-weight:400"> in the fourth quarter for between $10 and $20. By January GME shares were trading for over $400; they currently sell for $185 on the New York Stock Exchange.&nbsp;</span></p>
<p><span style="font-weight:400">GME's rise was facilitated by an army of amateur day traders and a handful of anonymous Wall Street veterans, who poured into online forums like WallStreetBets to coordinate stock picks. It was the first meme stock, an asset without intrinsic value which is traded for its cultural cachet. Other companies in decline, among them theater company AMC and 2000s throwback BlackBerry, have also found fresh money this year as meme stocks.</span></p>
<div class="sc-155ftbs-0 sc-155ftbs-1 eAya-DO jpxtSH"><div class="sc-155ftbs-2 ccosHo"><div class="sc-155ftbs-3 jcayOL"><a href="/81076/what-robinhood-gamestop-taught-us-bitcoin-billionaires-author-ben-mezrich" class="sc-18vyx5u-0 vsGFO" style="width: 100%;"></a></div></div></div>
<p><span style="font-weight:400">Meme stocks are close relatives to meme tokens and coins, cryptocurrencies that lack much in the way of utility but can be traded for half-ironic LOLs—and sometimes for big money, if holders can convince others to join in.&nbsp;</span></p>
<p><span style="font-weight:400"><span class="link"><a href="https://decrypt.co/resources/dogecoin-crypto-cryptocurrency-guide-how-to-buy-doge" target="_blank" class="sc-18vyx5u-0 hiPYeO">Dogecoin</a></span>, launched as a joke nearly a decade ago, is the preeminent meme coin with a market cap of $27 billion. The more recent Shiba Inu, which borrows DOGE's dog-based iconography, has a market cap of $3.6 billion. It recently began trading on <span class="link"><a href="https://decrypt.co/46690/coinbase-review-a-great-jumping-on-point-for-bitcoin-beginners" target="_blank" class="sc-18vyx5u-0 hiPYeO">Coinbase</a></span>, which has found itself in competition with mobile trading app Robinhood—where many if not most GameStop and Dogecoin speculators plied their trade early in 2021.</span></p>
<p><span style="font-weight:400">Robinhood's participation in GameStop's rise was contentious. At one point, as GME's price tag was rising, Robinhood restricted users from buying more GME. Users were upset they couldn't buy more, while politicians from progressive Alexandria Ocasio-Cortez to arch-conservative Ted Cruz suggested a hearing was necessary to determine whether the app was picking winners and losers. Others in government worried that GameStop's surge was a sign of market manipulation, as everyday investors were perhaps being duped by more powerful forces behind the scene—just like crypto pump-and-dump schemes on Telegram.</span></p>
<div class="sc-bn4v3i-1 kKVLkh"><div class="sc-1lyao0r-0 bYXVxv"><div class="sc-1stj48q-1 jIqIqg"><div class="sc-1ao5pjp-0 iDmTWe"><div color="#b7a048" class="sc-1joxzke-0 iLgkbE"><img class="sc-1joxzke-1 iqMMhj" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1636255533965.png" dimension="29"></div><span class="sc-jb7pox-2 hPjvKB sc-1stj48q-3 hVlrdy" color="#333" opacity="1">DOGE</span></div><div class="sc-1lyao0r-0 sc-1stj48q-2 bYXVxv hzlQar"><span class="sc-jb7pox-2 bGpjfZ sc-1mjd3js-0 dDOcjm variation-value" value="7708.33" color="#333" opacity="1"><span>+</span>7708.33%</span><span class="sc-jb7pox-1 gPoHne current-price" color="#333" opacity="1">$0.2107</span></div></div><div class="sc-1stj48q-0 jWoPsV"><div class="sc-ktzkjh-0 sc-1qwrltn-2 hIxHRr irYpKJ"><div class="sc-1ao5pjp-0 sc-1qwrltn-0 iDmTWe cdDhPC"><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">24H</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">7D</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">1M</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 chOUVj" color="#333" opacity="1">1Y</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">MAX</span></div></div><div class="sc-zni0p2-0 ggVtwx"></div><div height="180" class="sc-dunrjg-0 bPZqaA"><div data-highcharts-chart="0" style="height: 100%; overflow: hidden;"><div id="highcharts-jy1wary-0" dir="ltr" class="highcharts-container " style="position: relative; overflow: hidden; width: 367px; height: 180px; text-align: left; line-height: normal; z-index: 0; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); user-select: none;"><svg version="1.1" class="highcharts-root" style="font-family:&quot;Lucida Grande&quot;, &quot;Lucida Sans Unicode&quot;, Arial, Helvetica, sans-serif;font-size:12px;" xmlns="http://www.w3.org/2000/svg" width="367" height="180" viewBox="0 0 367 180"><desc>Created with Highcharts 8.2.2</desc><defs><clipPath id="highcharts-jy1wary-1-"><rect x="0" y="0" width="312" height="142" fill="none"></rect></clipPath></defs><rect fill="#ffffff" class="highcharts-background" x="0" y="0" width="367" height="180" rx="0" ry="0"></rect><rect fill="none" class="highcharts-plot-background" x="45" y="10" width="312" height="142"></rect><rect fill="none" class="highcharts-plot-border" data-z-index="1" x="45" y="10" width="312" height="142"></rect><g class="highcharts-grid highcharts-xaxis-grid" data-z-index="1"><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 44.5 10 L 44.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 87.5 10 L 87.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 130.5 10 L 130.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 173.5 10 L 173.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 215.5 10 L 215.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 258.5 10 L 258.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 301.5 10 L 301.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 344.5 10 L 344.5 152" opacity="1"></path></g><g class="highcharts-grid highcharts-yaxis-grid" data-z-index="1"><path fill="none" stroke="#e6e6e6" stroke-width="1" data-z-index="1

XRP (XRP)

$0.412926

MARKET CAP

ALL TIME HIGH

VOLUME 24H

CIRC. SUPPLY

VOL/MCAP

TOTAL SUPPLY

DILUTED MCAP

MAX SUPPLY

1H USD

24H USD

7D USD

30D USD

60D USD

90D USD

Tag:

People Also Watch

Latest News

Products

Company

Support

Socials

Crypto news

Market news