Since the beginning of the year, Ripple has risen in price by 3000%

2017 proved to be successful not only for bitcoin and ether, but also for the Ripple (ripple) crypto currency. Since January it has risen in price by 3000%.

Today, one ripple token (XRP) costs slightly less than 20 cents: at 16:40 Moscow time its value was $ 0.1952. While at the beginning of the year he traded only $ 0.0065. According to the CNBC report, such growth is explained by the big plans for creating new platforms for selling XRP tokens, as well as increasing the volume of transactions.

In June, the ripple jumped to $ 0.26, which corresponds to a growth of 4000% since the beginning of the year, but in July there was a pullback. The ripple differs from bitcoin and ether in that most tokens belong to the Ripple network itself, and they can not be extracted by mining.

The capitalization of the ripple to date is $ 7.6 billion - compared with 44.8 billion from bitcoin and 21 billion from the air. Thus, it is the third crypto currency in terms of market value.

According to the head of Ripple platform Miguel Vias, the ripple is focused on international payments and is already a partner of large world banks. The platform has partnered with thirty exchanges.

According to CNBC, for the last quarter the Ripple platform processed transactions for 11 billion dollars, and the processing speed was about 70 thousand operations per second.

For comparison: bitcoin handles about seven transactions per second. Last year, Ripple announced the creation of the first inter-bank group of global payments, which included Bank of America Merril Lynch and Royal Bank of Canada.