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Should You Forget Bitcoin and Buy XRP Instead?

The Motley Fool

So should growth-oriented investors shift from Bitcoin and buy XRP (CRYPTO: XRP) on the chance that it might take off? Securities and Exchange Commission (SEC) sued Ripple in 2020 and claimed its XRP token offerings were illegal sales of unregistered securities. To make matters worse, the U.S.

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It May Be a Wild Ride, but This Cryptocurrency Could Generate Serious Wealth

The Motley Fool

Ripple claimed its protocol could facilitate secure, instant, and "nearly free global financial transactions of any size with no chargebacks," and it initially drew in smaller financial institutions like Travelex Bank, Tranglo, and Sentbe. It's mainly used to route real-time payments, remittance transfers, and currency exchange transactions.

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Prediction: These 3 Phenomenal Cryptocurrencies Are Set to Soar

The Motley Fool

Securities and Exchange Commission (SEC) officially recognizes as a commodity instead of a security. That classification supported the approvals of the first Bitcoin spot price exchange-traded funds ( ETFs ) this January. That's why Bitcoin is still the only cryptocurrency the U.S.