SEC charges Ripple and two executives

Re:SEC charges Ripple and two executives by echelon on Tuesday December 22, 2020 @04:56PM (#25511754)

This sounds exactly like Facebook / Mark Zuckerberg's Libra cryptocurrency.

[ Parent | on HN ]

Re:SEC charges Ripple and two executives by momothereal on Tuesday December 22, 2020 @05:04PM (#25511834)

The currencies (Diem and XRP) would be similar in nature, since they're not mined but centrally issued, and their value is determined by a combination of factors (the issuance, decay, and trading).

As far as I know Libra/Diem is more customer-facing, whereas Ripple is mostly marketed to banks for faster international transfers.

[ Parent | on HN ]

Re:SEC charges Ripple and two executives by 1f60c on Tuesday December 22, 2020 @05:33PM (#25512176)

And Diem is/will be a stablecoin backed by USD (I think?)

[ Parent | on HN ]

Re:SEC charges Ripple and two executives by TacoToni on Tuesday December 22, 2020 @05:19PM (#25512002)

Which has now been rebranded to Diem.

[ Parent | on HN ]