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Technology

Daniel Mark Harrison

Ripples In Crypto-Land As XRP Investors Take Bets On Interbank Payments Tech

Ripple Crypto XRP SEC Bitcoin Joseph Hammond Mt Gox Paul Hogan Cryptocurrency Bangkok

BANGKOK — One of the largest cryptocurrencies by market cap may bounce back after a hiatus. XRP, the world’s seventh largest crypto by market cap, is hoping an out of court legal settlement will turn around its recent lackluster performance. But opinions among crypto investors are still divided about where the digital currency is headed next.

Money transmission may get a new facelift (Credit: André François McKenzie)

Since December 2020, XRP has been weighed down in a protracted legal battle with the U.S. Securities & Exchange Commission (SEC). The SEC maintains that Ripple’s currency is an unregistered security, a claim that the company flatly denies.

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