Cryptocurrency Q&A
Who is XRP backed by?
Who is XRP backed by?
charlotte_anderson_explorer
Fri Dec 06 2024
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6 answers
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XRP is backed by Ripple Labs, a technology company focused on providing fast, secure, and low-cost cross-border payment solutions utilizing blockchain technology. Ripple Labs holds a significant portion of XRP and actively promotes its use and adoption by financial institutions for improving the efficiency and cost-effectiveness of global payments.
6 answers
AltcoinExplorer
Sun Dec 08 2024
Bitwise Asset Management has launched the ETP, a financial product backed by XRP.
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CryptoLegend
Sun Dec 08 2024
This ETP is part of a larger strategy by Bitwise to rebrand and expand its product offerings in Europe.
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KatanaGlory
Sun Dec 08 2024
The aim of this rebranding effort is to enhance Bitwise's suite of European products.
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Sara
Sat Dec 07 2024
The launch of the ETP comes at a time when there is increasing demand for crypto-backed financial products.
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ZenMindful
Sat Dec 07 2024
Brad Garlinghouse, the CEO of Ripple, has highlighted the importance of this investment in the ETP.
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