Ripple, the company, and Ripple (XRP), the cryptocurrency, are both making waves today. After a poor performance on the market yesterday, XRP is up nearly 3%. Not to mention, the new XRP logo has been debuted. Meanwhile, Ripple continues to voice its opinion on the crypto market, speaking on both BTC and blockchain this week.
First, let’s look at XRP, the digital asset.
New XRP Logo to Go with a Green Look
Not only is XRP up in the past twenty-four hours, but its new symbol was revealed yesterday, and can now be seen on the market. We’ll get to that, though. First, let’s XRP price news.
Ripple (XRP) is currently selling for $0.53. This means XRP is up 2.68% in the past twenty-four hours.
Towards the end of last week, Ripple (XRP) was selling for around $0.67. Still, XRP remains the 3rd largest digital currency in terms of market cap.
The New XRP Logo
It’s finally here. After the XRP community raised the issue of XRP and Ripple having the same symbol, stating that it caused confusion as to the relationship between the company and the coin, a new XRP logo was suggested. And it has finally debuted! If you are anything like me, you may have geeked out a little when you noticed it on the market this morning.
With 62% of the votes on the second round, the winning XRP symbol!#xrpcommunity pic.twitter.com/HVla6o2gLl
— XRP Symbol (@xrpsymbol) June 13, 2018
What do you think of the new XRP logo?
Meanwhile Over at Ripple
Ripple, the company, has made numerous headlines this month, and it’s not even June 15! We’ve seen partnerships, new banks joining the RippleNet, and various donations being made. This week, two members of the Ripple team made comments that got a lot of attention, too.
Yesterday, David Schwartz, Ripple’s chief cryptographer, said that it is unlikely that banks will start deploying blockchain technology in order to process international payments. Why? Schwartz cited privacy problems and low scalability. The cryptographer went on to say that even though banks have openly acknowledged the potential of blockchain, it is still not private enough for banks to use it on a global scale.
The day before that, CEO Brad Garlinghouse stated that Bitcoin (BTC) “is really controlled by China.”
What do you think of these comments?
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The Takeaway
As always, it’s important to remember that Ripple and XRP are not the same. Ripple has no control over the performance of XRP, but it has been said that if Ripple continues to do well (which it is proving to be able to do) then it’s likely that could add intrinsic value to XRP.
Check back in next week for more XRP news and Ripple news.
Featured Image: Facebook
