Altcoins: Ahead of Libra, XRP Cryptocurrency Gains Toehold in Commerce

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AdvertisementSupported byAltcoins: Ahead of Libra, XRP Cryptocurrency Gains Toehold in CommerceBy ReutersOct. 10, 2019Updated 7:26 a.m. That means the company has centralized control over the supply of XRP. (GRAPHIC: A tale of two coins: XRP and bitcoin in 2019 - https://fingfx.thomsonreuters.com/gfx/mkt/12/7022/6953/XRP%20Bitcoin%20graphic.png) WHAT ABOUT LIBRA?While there are some similarities between Libra and XRP, notable differences also exist. Ripple's Monica Long shrugged off the price moves."We think about XRP price and volatility over a longer arc of time, not day-to-day or week-to-week, but rather over the course of years," she said. Ripple says customers can use XRP instead of traditional money for liquidity, allowing firms to free up working capital. That, potentially, means that companies are more comfortable dealing with XRP than bitcoin, which is largely unsupervised and unregulated.

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Altcoins: Ahead of Libra, XRP Cryptocurrency Gains Toehold in Commerce

By Reuters

Oct. 10, 2019Updated 7:26 a.m. ET

LONDON...

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