RPL/USD

Ripple CFD History

Ripple was first released in 2012 and was co-founded by Chris Larsen and Jed McCaleb and is technology acting as both a cryptocurrency and a digital payment network for financial transactions. The token used for the cryptocurrency is premined and utilises the ticker symbol XRP. Ripple is the name of the company and the network and XRP is the cryptocurrency token. Ripple aims to serve as an intermediate mechanism of exchange between two currencies or networks.

How Does Ripple Work?

Ripple is a blockchain-based digital payment network and protocol with its own cryptocurrency, XRP. Its main process is a payment settlement asset exchange and remittance system similar to the SWIFT system. It can securely transfer money internationally, through this system which is used by banks and financial middlemen dealing across currencies. Ripples transactions use less energy than other digital currencies, cost very little, and are confirmed in seconds. It is ranked among the most valuable blockchain currencies by market capitalisation.

What Are the Similarities Between Ripple and Stellar?

Both digital currencies use almost the same blockchain code, neither allows mining, use a distributed ledger and provide nearly free and instantaneous transactions. These similarities occur because the founder of both platforms, McCaleb, recognised what worked with Ripple and brought it back to create Stellar.

Ripple CFD News

In February 2022, Linqto announced that it sold out of Ripple shares as the demand was notably high in recent weeks as developments in the XRP lawsuit could give Ripple the upper hand against the SEC. Ripple also bought back shares it issued after securin $200M (USD) in a Series C funding round led by Tetragon, with the participation of SBI Holdings and Route 66 Ventures.

Ripple CFD FAQ

XRP is being preferred by many investors for a long-term investment as the currency is considered one of the cheapest of the oldest, and most prestigious currencies around today.

Why Trade RPL/USD with FP Markets? An Australian-regulated forex & CFD broker
go long or short
Go Long or Short

Increase your ability to profit in
all market conditions
Leverage options up to 20:1

direct market access
Direct Market Access (DMA) Execution

Real-time, transparent share prices
Control, Functionality and deep liquidity
Full Market depth & see your orders in the queue

advanced platforms
Advanced Platforms
& Technology

MT4, MT5, Webtrader & Iress with
superior client portal

24/5 Multilingual customer support
24/5 Multilingual
Customer Support

Award winning support &
personal account managers

global exposure
Global Exposure

Low margins and competitive commission
+10,000 products on global stocks
across 4 continents

earn dividends
Earn Dividends

On long positions
No ownership of physical
shares necessary

Source - cache | Page ID - 125

Get instant Updates in Telegram