XRP Ledger Transitions Into a Hub for Large-Scale Financial Transactions
Main Idea
The XRP Ledger (XRPL) is transitioning into a hub for large-scale financial activities, with corporate usage surging as retail participation declines, while XRP's price volatility and network focus on payments highlight its evolving role.
Key Points
1. Corporate activities on XRPL are increasing while retail user participation is declining, with 99.7% of transactions being payment-based.
2. XRP's price reached a record high of 3.5 USD but later dropped to 3.11 USD, reflecting a 13% loss amid market corrections.
3. XRPL is increasingly resembling an interbank payment network, shifting away from its previous retail investor-focused image.
4. Ripple CEO Brad Garlinghouse has warned investors about rising YouTube scams following XRP's price surge.
5. The network's transformation emphasizes payments and large-scale corporate use, influenced by ongoing legal processes with the SEC.
Description
XRP Ledger experiences significant changes in user base and transaction structure by 2025. Despite record XRP prices, daily active accounts have decreased substantially. Continue Reading: XRP Ledger Transitions Into a Hub for Large-Scale Financial Transactions The post XRP Ledger Transitions Into a Hub for Large-Scale Financial Transactions appeared first on COINTURK NEWS .
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