What Is The Advantage Of XRP Over Other Cryptocurrencies?

When you look at the crypto chart of XRP you can’t miss the curved line that goes up, which means the jump of that crypto. For the last day, the value of the XRP token has increased with the continuous speed showing positive dynamics from $1.04 to $1.08, which is an increase of 1.7%. The total market cap of the crypto is making up $49,654,030,609, which brings the coin on #6 rank of Market Cap Rank. Furthermore, the circulating supply of the token is 46,750,439,262 when the total supply is equal to 100,000,000,000.

XRP is used in cross-border payments, while the rest of the digital assets are created for speculation. In addition, this is an important advantage of the Ripple token over other digital assets. The ban on cryptocurrency transactions in China should confirm this, the ex-treasurer said. Last week, the People’s Bank of China announced that cryptocurrency transactions are now completely banned in the country. Moreover, the use of digital assets is now equated to an illegal financial activity.