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At a time when both the usage and staking of cryptocurrency are growing, Ripple and its connections to central financial institutions emerge as the best option for investors. Trying to find XRP Canada exchange? Hereu2019s a guide.
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What makes Ripple the most interesting cryptocurrency? Finding XRP Canada exchange
After exploring every corner of the financial ecosystem, cryptocurrency is now heading towards asset-based models. Especially, in Asian countries, digital tokens are evolving to become a security and also a day-to-day payment model. At a time when both the usage and staking of cryptocurrency are growing, Ripple and its connections to central financial institutions emerge as the best option for investors. Trying to find XRP Canada exchange? Here’s a guide.
What is XRP? The Ripple platform was founded in 2012 with the aim to fast-track transactions and efficiently transfer funds in the international business market. Initially started as a model to revolutionize the global financial system, Ripple records every transaction in the blockchain. XRP is the cryptocurrency launched by the Ripple platform. XRP functions as a common accounting entry between creditor and receiver when they transfer money through Ripple. With such extraordinary advantages, XRP was much adopted in the financial ecosystem for its easy transaction and growth. Unlike bitcoin and Ethereum, XRP doesn’t market itself on its decentralization. In contrast, the digital token is closely aligned with banks, investment firms, and businesses around the globe.
Ripple is also hailed as the top cryptocurrency among many investors. However, at a time when bitcoin and Ethereum are keeping a low profile in the market, it is likely that other digital tokens like XRP are getting their way into intense mainstream adoption. The platform’s announcement of a new service that is aimed at finance companies, which will give them the ability to offer cryptocurrency trading to their customers, is anticipated to further trigger Ripple price. The Upper Hand of Ripple in XRP vs SEC Case The XRP vs SEC case has been in the court since 2020, attracting more people and crypto investors to keep a constant eye on it. The Securities and Exchange Commission (SEC) has filed a complaint on Ripple and its two executives for raising over US$1.3 billion through an unregistered, ongoing digital asset securities offering.
The complaint stated that since 2013, Ripple has engaged in unauthorized transactions without registering the offering. Initially, this case came as a big blow to the platform as many investors backed off from investing in XRP and some platforms also jolted off the digital token. Besides, there are also contractions over ex-SEC Director William Hinman’s famous speech in 2018 when he stated that Ethereum is not a security. Fortunately, the case took a positive turn recently when the judge handling the case asked the prosecution to add documents and emails chain to the case that Ripple claims were sent by SEC to a third party. According to experts, if XRP wins this court battle, it will be a massive victory for the whole cryptocurrency ecosystem. Besides, it will be the first-ever case that a government agency was defeated by a decentralized medium.
Ripple Price Prediction Currently, the cryptocurrency market feels a bit glum with bitcoin and Ethereum maintaining a moderate value. Therefore, XRP is trading sideways instead of taking the price decrease head-on. It is also better positioned to consolidate at its present value area rather than sell-off. Try Netcoins to buy Ethereum with Canadian dollars. You can also buy ripple or XRP here! SOURCE CREDIT: https://netcoinscanada.wordpress.com/2021/11/30/what-makes-ripple-the-most-interesting-cryptocurrency-finding-xrp-canada-exchange/
