ripple rules

The cryptocurrency world has been extremely fruitful over the course of the past year or so. With investments giving returns in the tens or even hundreds of percents, many individuals have gotten into the industry quickly. One of the top cryptocurrencies in the past couple months is one known as Ripple. According to a recent report “The cryptocurrency, which is up 71% this week, has been on a tear since Ripple’s Asian subsidiary and a group of Japanese credit card companies announced a new consortium Wednesday.

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The consortium aims to identify how blockchain and distributed ledger technology can be deployed in credit card payments.” The news reports all show extremely bullish trends for the currency that look as though they will continue through the end of the year. According to Alexey Ivanov, CEO and cofounder of Polynom Crypto Capital, a Moscow based cryptocurrency and blockchain investment fund manager, “Asians are going mad for Ripple.” This represents a large market, where many Asians are beginning to enter. The market on cryptocurrency within several Asian countries represents some of the largest stakes throughout the world. Ripple, otherwise known as XRP, recently overtook the popular cryptocurrency bitcoin cash, becoming the third largest cryptocurrency on the market by market capitalization.

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The coin was founded back in 2012, and continues to show what can be done with the cryptocurrency industry. Blockchain technology, which is what fuels all cryptocurrency, is extremely groundbreaking, and continues to break all rules of what we know about currency. The market on cryptocurrency is something that is continuing to shape and reshape the world economy, proving that decentralization and anonymous currency is something that people are incredibly interested in. The hopes are high that the cryptocurrency world can calm down, and begin to represent a stable part of the world economy.


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