$0.56≈￥3.84
XRP is the base currency of the Ripple network. It can be circulated throughout the Ripple network with a total amount of 1,000 billion, and gradually decreasing as transactions increase. The operating company of Ripple is Ripple Labs (formerly OpenCoin).
$ 0.56≈￥3.84
Ripple is the only universal currency in the ripple system. It is different from other currencies in the ripple system, such as CNY and USD. Cash cannot be withdrawn across gateways. In other words, the CNY issued by gateway A can only be withdrawn at gateway A. If you want to withdraw cash at gateway B, you must use the pending order function of the ripple system to convert it into the CNY of gateway B before you can withdraw cash at gateway B. Ripple has no such restrictions at all and is universal within the Ripple system.
On January 1, 2018, the trading price of Ripple soared nearly 56% last Friday, hitting a record high. Its market value surpassed Ethereum in one fell swoop and became the second largest cryptocurrency. In 2017, CCTV announced a list of 350 fund pyramid schemes, and Ripple was on the list. In August 2020, Ripple ranked 23rd in the "Suzhou High-tech Zone·2020 Hurun Global Unicorn List" with a market value of 70 billion yuan. July 2023 news: Ripple’s XRP token (Ripple) soared more than 30% on Thursday after a judge in the Southern District of New York ruled that Ripple “is not necessarily a security on its face.”
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