Ripple is under Algo Engine buy conditions and is up 234% after being added into our Crypto Large Cap model portfolio in Sep 2020.
Ripple is a real-time gross settlement, currency exchange and remittance network created by Ripple Labs Inc, a US-based technology company. Released in 2012, Ripple is built upon a distributed open-source protocol and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes.
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Ripple purports to enable “secure, instantly and nearly free global financial transactions of any size with no chargebacks”. The ledger employs the native cryptocurrency known as XRP.
