The Ultimate Source for XRP News & Insights
Transaction speed and efficiencyWhen it comes to transaction speed, XRP significantly outperforms SWIFT. XRP transactions settle in just 3-5 seconds, while SWIFT transfers can take anywhere from several hours to…
Regulatory landscape and its evolutionThe regulatory environment for cryptocurrencies has evolved significantly, with governments worldwide working to establish clear legal frameworks. Initially, digital assets operated in a largely unregulated space,…
XRP’s classification under UK regulationsIn the UK, XRP is classified as an exchange token rather than a security, meaning it falls outside strict financial regulations but still must comply with…
Tax classification of XRP tradingWhen trading XRP, your profits may be classified as either capital gains or ordinary income, depending on factors like trading frequency, intent, and how you acquire…
Understanding XRP Ledger HooksXRP Ledger Hooks introduce lightweight, efficient smart contract functionality directly into the XRPL. These small, event-driven pieces of code allow developers to customize transaction behavior, enabling decentralized…
Understanding bank transfer options for buying XRPWhen purchasing XRP with a bank transfer, it's important to understand the different options available. Bank transfers typically come in three main forms: **ACH…
Understanding SWIFT and its role in global paymentsThe Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the backbone of global banking transactions, connecting over 11,000 financial institutions across more than…
SEC lawsuit announcement and initial market reactionWhen the SEC announced its lawsuit against Ripple in December 2020, XRP’s price plummeted nearly 50% within days. Panic selling surged as major exchanges…
Market trends and external influencesXRP’s price fluctuates due to broader market trends, Bitcoin’s movements, macroeconomic conditions, and external factors like global financial instability, institutional adoption, or sudden shifts in crypto…
Latest updates on XRP Ledger developmentThe XRP Ledger is evolving rapidly, with recent updates enhancing scalability, security, and smart contract functionality. Developers can now leverage advanced features like Hooks and…