Cryptocurrency Ripple Reaches Record High

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After becoming the world's second-largest cryptocurrency in terms of market capitalization, Ripple surpassed $3 of Wednesday, 3rd of January. The digital currency known as XRP is said to have gained over 49,500% in the last 12 months and more than 1000% in the last month.

Cryptocurrency Ripple Reaches Record High

Also Read: What is Ripple?

Ripple is a company engaged in global money transaction business and issues the XRP tokens. It is involved in bringing international payment solutions to its client banks using blockchain technology.

Also Read: How Does Blockchain Technology Work?

The price is said to have been benefited from new partnerships with banks. It is also conducting trials with a number of financial institutions.

Meanwhile, Bitcoin is noted to hit a new low as of Tuesday in its dominance in the digital currency market.

Read more about: ripple, cryptocurrency
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