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How XRP Became a Leading Cryptocurrency?

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How XRP Became a Leading Cryptocurrency?

XRP, the prominent cryptocurrency of the Ripple network, has faced the longest legal battle in crypto history. Yet, XRP Carved out a distinct niche in digital assets. It is the go-to medium for cross-border payments, offering users speed, cost-effectiveness, and scalability. Today, XRP ranks 4th by market cap on CoinMarketCap, CoinGecko, and Coinbase. XRP’s tenacious journey so far has piqued the interest of many investors who are now asking how XRP became a leading cryptocurrency?

This Disruption Banking piece explores the multifaceted journey of XRP, providing a detailed analysis of how it all started, XRP’s technological underpinnings, its adoption by financial institutions, the legal battles it has faced up until March this year, XRP’s market performance as of today, and where it could be heading in the foreseeable future.

From RipplePay to XRP Ledger: The Origin Story

XRP started with RipplePay, a peer-to-peer (P2P) network created by Ryan Fugger in 2004 to allow direct transactions without middlemen. In 2011, Jed McCaleb, founder of the Mt. Gox exchange, a Bitcoin pioneer, alongside David Schwartz and Arthur Britto, started developing the XRP Ledger. McCaleb suggested creating a cryptocurrency network, leading to the creation of OpenCoin in 2012. This later became Ripple Labs. McCaleb teamed up with Chris Larsen to develop the XRP Ledger, which officially launched in 2012 with a total supply of 100 billion XRP.

Over 58 billion XRP are in circulation, while the rest are kept in escrow or given to the team. This pre-mined supply helps keep the Ripple network stable compared to cryptocurrencies like Bitcoin which relies on mining. The project was originally called the Ripple Consensus Ledger. But by 2013, it was renamed Ripple, and XRP became the token’s ticker, just like BTC for Bitcoin.

XRP’s Technological Edge: Speed, Scale, Sustainability

XRP uses advanced tech. The XRP Ledger is a decentralized blockchain built for enterprise. It settles payments in 3 to 5 seconds and handles 1,500 transactions per second. That’s far faster than Bitcoin’s 7 transactions per second and Ethereum’s current 15. Bitcoin has improved in speed since the introduction of the Lightning Network, whereas Ethereum recently had an upgrade but this didn’t address the speed of the network.

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XRP’s Federated Byzantine Agreement (FBA) uses a network of trusted validators, selected by Ripple and community nodes, to confirm transactions without energy-intensive mining. An appeal to investors drawn to sustainability.

Fees are just $0.0002 per transaction, ideal for small or high-volume transfers. The ledger’s Payment Channels let many payments settle together, boosting capacity to tens of thousands per second. XRP also works as a bridge currency in RippleNet, speeding up conversions and cutting costs.

Thanks to these features and substantial corporate support, XRP stands out as a top cryptocurrency today.

Global Reach: XRP’s Financial Partnerships

Largely, XRP’s rise to the top is tied to its adoption by financial institutions worldwide, facilitated through RippleNet and On-Demand Liquidity (ODL) solutions. RippleNet, Ripple’s enterprise blockchain network, enables banks and payment providers to conduct cross-border transactions efficiently. This it does by leveraging XRP as a bridge asset for instant liquidity. This has eased remittances and international payments, where traditional systems often suffer from delays and high costs.

Here are some of XRP’s key partnerships/collaborations so far:

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  • American Express and Santander: Collaborated to power real-time, trackable cross-border payments for businesses, enhancing efficiency.
  • MoneyGram: Utilized Ripple’s ODL to reduce transaction costs by 60% for global remittances, as reported in 2023.
  • SBI Remit: Leveraged RippleNet for payments from Japan to Asia, recording a 28% increase in mobile app payments using Ripple in 2022.
  • Bank of America and Euro Exim Bank: Uses RippleNet to offer faster payments to account holders across more than 80 countries, as of recent reports.

These partnerships have not only validated XRP’s utility but also expanded its reach, with institutions on all seven continents adopting the technology. Ripple’s focus on regions like the Middle East, with partnerships in Dubai, Egypt, and Africa, through collaborations like Onafriq for pan-African payment systems, gives you an idea of its global ambition. In 2023, Ripple secured a Major Payments Institution license from the Monetary Authority of Singapore, further scaling its services in Asia. More than 5 million wallets now hold XRP worldwide.

But success didn’t come easy for XRP. Regulatory battles have tested XRP’s resilience.

XRP faced regulatory challenges in the U.S., from the 2020 $1.3 billion SEC lawsuit alleging XRP was an unregistered security, to the July 13, 2023, ruling by Judge Analisa Torres, and the SEC’s January 2025 appeal. See our recent write-up on the topic here.

The legal battle concluded on March 25, when Ripple and the SEC reached a $50 million settlement that ended the four-year legal saga. Since then, the market performance of XRP has improved.

XRP’s Market Resilience: Performance and Potential

XRP has shown strong grit despite regulatory challenges. With a market cap of $129 billion, it’s behind only Bitcoin, Ethereum, and Tether as the fourth largest cryptocurrency today Today, May the 2nd, XRP trades at just under $2.20, according to Coinbase, after dipping 0.67% over the past week.

XRP’s market performance points to both its technology and external factors like regulatory issues. The end of the SEC lawsuit likely helped stabilize it, as investors’ confidence in the token took a boost. However, XRP’s journey is still far from over.

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XRP’s Future: Innovation and Institutional Growth

XRP’s future looks bright. Ripple is improving the XRP Ledger with better-decentralized exchange (DEX) tools and tokenization. These updates make XRP useful beyond cross-border payments — in DeFi and tokenized assets. This year, Ripple launched RLUSD, a USD-backed stablecoin on the ledger. This makes XRP’s appeal to financial institutions and liquidity providers stronger. Approval of various XRP ETF futures such as the recent Teucrium 2x Long Daily XRP ETF (XXRP) and the Brazilian Hashdex’s NASDAQ XRP Fundo de Índice. Both will further secure XRP’s place on the map.

There was a recent press release about the acquisition of prime brokerage Hidden Road on April 8th. Ripple’s CEO, Brad Garlinghouse believes that “Ripple and Hidden Road combined are a generational leap forward, ready to truly bring the worlds of traditional and decentralized finance together.” This is a very positive move as U.S. regulators bring regulatory clarity to the crypto space. This may also mean more institutional interest.

From RipplePay roots to a global payment system, XRP has paid its dues and proven itself. It still leads in linking finance and blockchain. And the next decade could put XRP on another pedestal.

Author: Richardson Chinonyerem

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#XRP #Ripple #Crypto #Blockchain #TransactionSpeed #InstitutionalAdoption #Regulation

The editorial team at #DisruptionBanking has taken all precautions to ensure that no persons or organizations have been adversely affected or offered any sort of financial advice in this article. This article is most definitely not financial advice.

See Also:

Is the End of the Ripple-SEC Lawsuit a Turning Point for Crypto Regulation? | Disruption Banking

Ripple Acquires Prime Broker Hidden Road for $1.25 Billion | Disruption Banking

First XRP ETF Outperforms Crypto Market (XXRP) | Disruption Banking

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Is Cryptocurrency a Legitimate Part of a Long-Term Investment Portfolio?

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Is Cryptocurrency a Legitimate Part of a Long-Term Investment Portfolio?

Key Points

  • Most experts consider crypto to be a legitimate asset class.

  • That doesn’t mean every asset in the class is equally legitimate or worthwhile.

Just a few years ago, many financial advisors wouldn’t touch crypto. That era is now over; according to a 2026 survey conducted by Bitwise, an asset manager, 32% of the financial advisors they polled allocated crypto in client accounts in 2025, and 99% planned to maintain or increase their exposure.

But crypto isn’t a monolith, and not all crypto assets are equally legitimate as part of a long-term portfolio, so let’s take a look at what’s legitimate and sort it from what’s sketchy.

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An investor stands in an office while looking out a window and holding a clipboard with some documents.

Image source: Getty Images.

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The professionals have spoken

Among professional investment advisors who allocate on behalf of their clients, 83% keep their exposure under 5%, with an allocation of 2% as a starting point. The takeaway is that the relatively new legitimacy of crypto as an asset class is not an excuse to let it become your entire portfolio.

But which assets are the most widely accepted?

The answer to that question is Bitcoin, (CRYPTO: BTC) as it has the deepest liquidity in crypto and the biggest regulated vehicles for investment, like spot Bitcoin exchange-traded funds (ETFs). Ethereum and Solana are also generally endorsed as legitimate investments, with each backed by spot ETFs and growing institutional interest.

But below those three, professional interest drops off fast, and for most investors, yours should too.

Where to draw the line

Bitcoin, Ethereum, and Solana share traits that earn them a place in long-term investment portfolios. Smaller altcoins, ecosystem tokens, and meme coins generally do not have those traits, and you probably shouldn’t be investing in them heavily, if at all.

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Volatility alone doesn’t disqualify an asset or make it illegitimate. The disqualifier for those smaller tokens is most typically their lack of a strong investment thesis.

So if you’re considering an investment in crypto, keep it fairly small, anchor it in Bitcoin, and avoid speculative tokens.

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Alex Carchidi has positions in Bitcoin, Ethereum, and Solana. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and Solana. The Motley Fool has a disclosure policy.

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OKX Invests in Vietnam Exchange CAEX Ahead of Crypto Pilot

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OKX Invests in Vietnam Exchange CAEX Ahead of Crypto Pilot

Key Takeaways

  • OKX invested in CAEX to meet Vietnam’s $380 million pilot requirement, advancing regulation.
  • CAEX, backed by OKX and Hashkey, signals a shift to compliant platforms across Southeast Asia.
  • OKX expands 2026 regulatory push after Malta license, as it aims to lead efforts in shaping Vietnam’s crypto market.

Vietnam’s CAEX Gains OKX Support for Regulated Crypto Push

OKX has taken a strategic stake in Vietnam’s CAEX exchange, positioning itself to support the country’s push toward regulated cryptocurrency trading.

The investment, made alongside local partners including VPBank Securities and LynkiD, as well as Hashkey Capital, will help CAEX meet the financial threshold required to participate in a government-backed pilot program. Vietnam has set a minimum capital requirement of $380 million (VND 10 trillion) for firms seeking to operate within the trial framework.

The partnership signals a growing alignment between global crypto firms and local operators as Southeast Asia moves toward clearer regulatory oversight.

Star Xu, Founder and CEO of OKX, wrote in a blog post, saying,

We expect most Southeast Asian markets to establish clear regulatory frameworks and licensing pathways for digital asset companies. This region is already one of the most important sources of global crypto liquidity. We believe the future of crypto will be built on regulated, local platforms that users can trust, and CAEX represents that future in Vietnam.”

CAEX, formally known as Vietnam Prosperity Crypto Asset Exchange Joint Stock Company, is expected to combine domestic market expertise with international infrastructure and compliance standards. OKX said it will contribute not only capital but also technical support across areas such as risk management, security systems, and liquidity provision.

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The initiative comes as Vietnam explores a controlled rollout of digital asset trading under government supervision. While details of the pilot program remain limited, authorities have indicated a preference for well-capitalized and compliant platforms.

OKX’s involvement reflects its broader strategy of working within regulatory frameworks rather than operating outside them. The company has spent recent years securing licenses and approvals in multiple jurisdictions, including registration in the United States and regulated operations across Europe.

Earlier this year, OKX obtained a Payment Institution license in Malta, allowing it to expand crypto payment services across the European Union under established regulatory regimes. The exchange has also pursued approvals in markets such as Singapore and Dubai, where it has built localized platforms tailored to regulatory requirements.

Executives at OKX have framed compliance as central to long-term growth. The firm has increased investment in anti-money laundering controls, customer verification processes, and internal risk systems, aiming to meet institutional standards as the industry matures.

That experience is now being applied to emerging markets. In Vietnam, the focus is on building a platform that can operate within a formal regulatory structure while scaling user adoption.

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The investment also reflects a broader shift in the crypto industry. As governments introduce clearer rules, trading activity is increasingly moving toward licensed venues. Market participants are placing greater emphasis on transparency, asset protection, and regulatory oversight.

Southeast Asia remains a key region in that transition, accounting for a significant share of global crypto liquidity. For Vietnam, the CAEX initiative represents an early step in that process. For OKX and its partners, it offers an opportunity to shape the development of a regulated market from the ground up.

If successful, the model could serve as a blueprint for other countries in the region, where demand for digital assets continues to grow alongside calls for stronger investor protections.

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US Treasury to offer free cybersecurity intelligence to crypto firms

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US Treasury to offer free cybersecurity intelligence to crypto firms
The U.S. Treasury Department’s Office of Cybersecurity and Critical Infrastructure Protection has unveiled a new cyber threat intelligence sharing initiative with the cryptocurrency sector in a bid to bolster threat discovery, prevention, and response efforts amid increasingly prevalent and sophisticated intrusions against the industry, according t…
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