Ripple’s Market Cap Just Briefly Surpassed Bitcoin Cash

The total market capitalization of Ripple has just briefly surpassed that of Bitcoin Cash. The cryptocurrency rallied to over 90 cents before pulling back to just above 80 as of the time of publication.

During the week Ripple has been gathering speed, amid a raft of positive news around the project. The market cap of the Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term system/exchange/currency increased by about $18 billion this week to reach just over $30 billion.

The Ripple network’s utility will be demonstrated in Asia on Friday on the Japanese Nikkei Morning Plus show. The currency is also rumoured to be added to Coinbase soon and its adoption amongst major consortiums and banks is making the rounds.

The protocol that was started in 2004 evolved into a company that received over $100 million in funding from Google, Santander, Seagate and other multi-nationals. With the protocol depending on a different concept to 'regular' Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term that require 'proof of work', Ripple has been pre-mined.

The company is registered with the SEC and a representative sits on the Federal Reserve’s Task Force that endorsed the network, outlining that it “improves speed and transparency of global payments”.

Well over 100 banks globally are presently testing the Ripple network for payments. It employs over 200 people, including a number of former SWIFT execs. The currency rallied from about $0.006 at the start of the year and represents just over 6 percent of the total crypto market capitalisation.