XRP

XRP is a digital asset and cryptocurrency that operates on the XRP Ledger, a decentralized blockchain platform designed for fast and low-cost cross-border payments and financial transactions.

Why it’s in the news: It is in the news due to its increasing adoption by major financial institutions for asset recording and auditing, and its performance as the only cryptocurrency ETF to see inflows while others experience outflows.

Latest on XRP

• XRP Ledger patched decade-old bug that could create billions of dollars in XRP from nothing
• XRP Ledger adds new controls for banks, stablecoins and tokenized funds
• Live updates: XRP ETFs the only ones in green as BTC, ETH, ZEC funds post outflows
• An XRP treasury SPAC surges nearly 300% ahead of Evernorth merger
• Brazil's CSD BR to use the XRP Ledger for recording and auditing financial assets and securities
• XRP Ledger starts carrying fund records from Brazil operator overseeing $4 trillion
• Market analysts attributed the surge to expectations that Treasury bond purchases would increase liquidity in financial markets.
• The rally followed the U.S. Treasury's announcement of plans to purchase long-term bonds, which traders interpreted as potential 'curve control' measures that could boost risk assets including cryptocurrencies.

Connections

35 entities linked to XRP across the news graph.