Stories
Ripple is a popular cryptocurrency and payment protocol that was created in 2012. It is known for its fast transaction speeds and low fees, making it a popular choice for cross-border payments.
Here are some of the top stories and developments surrounding Ripple:
1. Partnership with MoneyGram: In June 2019, Ripple announced a partnership with global money transfer company MoneyGram. The partnership allows MoneyGram to utilize Ripple''s technology and XRP cryptocurrency for its cross-border payments, providing faster and cheaper options for its customers.
2. Lawsuit with SEC: In December 2020, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, its CEO Brad Garlinghouse, and co-founder Chris Larsen, alleging that XRP was an unregistered security and that Ripple had raised $1. 3 billion through unregistered sales of XRP. This legal battle is ongoing and has caused XRP''s value to drop significantly.
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