RIPPLE ON THE WAY TO RETAINING ITS PLACE AMONG THE LEADERS.
In addition, more than a cryptocurrency, it is the Blockchain application behind Ripple that is of interest to many players in the bancassurance industry. Although Ripple has some competitors, its efficiency and current market position gives it a central place in the cryptocurrency industry. For example, at the start of 2021, the number of transactions carried out on average each month represents more than 100 billion dollars. Its partnership with solid and influential companies and financial institutions whose positive reputation reflects on the Ripple is an undeniable plus.
The resilience of Ripple pinned by the SEC.
Thus, despite some scandals, XRP retains its attractiveness. Recall that in December 2020, the SEC accused Ripple of having issued unlicensed securities. Indeed, the SEC criticized Ripple for not registering XRP as a security. This SEC accusation led to a collapse in the price of Ripple, of which individuals were the first victims. Ripple has however proved its resilience, as evidenced by the rise in Ripple prices since then, demonstrating Ripple's ability to maintain its position as a first-rate virtual currency over time.
In addition, more than a cryptocurrency, it is the Blockchain application behind Ripple that is of interest to many players in the bancassurance industry. Although Ripple has some competitors, its efficiency and current market position gives it a central place in the cryptocurrency industry. For example, at the start of 2021, the number of transactions carried out on average each month represents more than 100 billion dollars. Its partnership with solid and influential companies and financial institutions whose positive reputation reflects on the Ripple is an undeniable plus.
The resilience of Ripple pinned by the SEC.
Thus, despite some scandals, XRP retains its attractiveness. Recall that in December 2020, the SEC accused Ripple of having issued unlicensed securities. Indeed, the SEC criticized Ripple for not registering XRP as a security. This SEC accusation led to a collapse in the price of Ripple, of which individuals were the first victims. Ripple has however proved its resilience, as evidenced by the rise in Ripple prices since then, demonstrating Ripple's ability to maintain its position as a first-rate virtual currency over time.