Online Gambling Sites Begin Accepting Ripple as Cryptocurrency Boom Takes Hold
The oldest online gambling firm in North and South America, Bookmaker.eu, announced recently that it had implemented the popular cryptocurrency Ripple along with nearly five dozen other digital anonymous currencies.
Bookmaker accepts most crypto-currencies
Ripple is one of the standouts in an otherwise clogged field of cryptocurrencies that include the likes of Bitcoin, Bitcoin Cash, Dash and Ethereum, just to name a few. It is widely considered the second-largest cryptocurrency by value.
Released in 2012, Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native cryptocurrency called XRP (ripples).
It hit an all-time high above $2.90 on Wednesday. It marks a more than 45,700 percent rally in one year, according to CoinMarketCap.
CNN notes that the relatively obscure cryptocurrency, also known as XRP, has a market cap of more than $100 billion, according to Coinmarketcap.
In early December, it was trading at just 25 cents. Even with the spike, ripple is worth considerably less than bitcoin. After a tumultuous December, is bitcoin was trading around $15,000 late Tuesday with a market cap of more than $250 billion.
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