Ripple, also known as RTXP (Ripple Transaction Protocol), is a payment system based on blockchian technology. Broadly speaking - it is a real-time system of settlement as well as a network of currency exchange and remittances. It is built on a distributed online open-source protocol in which users themselves agree to and confirm each other's transactions. Like many other cryptocurrencies (such as for example Litecoin) Ripple is a much faster and noticeably cheaper platform than Bitcoin, the most popular cryptocurrency.The Ripple program, released in 2012, enables fast, nearly immediate and virtually free global financial transactions (of every size) with no charges.It accepts tokens representing both fiat currencies and cryptocurrencies, goods or any other units of value (e.g., airline miles).The origins of Ripple date back to times from before the creation of Bitcoin. At this time, Ryan Fugger was developing a project of a decentralized monetary system. The beginnings of the start of work date back to 2004. His dream (which was simultaneously the goal he had persistently strived for) of the creation of a cryptocurrency that would be based exclusively on its single users, while getting rid of agents such as governments or central banks - was fulfilled with the advent of Ripple's.Fugger then created RipplePay - a financial service that was supposed to enable all clients to make safe settlements online. Even though his version was only a prototype - Fugger, years after improving and expanding it, cooperated with several other significant and similar visionaries (co-creators and authors of many solutions), as well as people running the company: Chris Larsen and Brad Garlinghouse.Ripple cryptocurrency - in the form we are acquainted with today - saw the light of day at the end of 2012 and almost from the very beginning has earned the hearts and minds of cryptocurrency supporters. Today, Ripple is one of the most crucial tokens (XRP) and is used on a daily basis by recognizable brands such as UBS or UniCredit.It should be noted that this technology is constantly being refined and extended to further functionalities. In terms of the market size and capitalization - Ripple is the third biggest (and also the most popular) cryptocurrency after Bitcoin and Ethereum. The total value of the Ripple network is counted in billions of dollars.This category: Ripple news, includs news concerning the virtual tokens world that will be useful to everyone, regardless of their age or experience in this market. The industry is dynamically changing, hence an enormous demand for interesting and valuable content.The Tokeneo News website shows only useful and at the same time invaluable news concerning new tokens and technological conditions that stand behind them, events (organized meetings and conferences), but also the direction of development of this fresh and still changing industry.
Siam Commercial Bank (SCB) has changed its decision about implementing the XRP cryptocurrency into its activity. The information about this fact was made public only when the bank's community began to demand specific information on this subject.