5 Cryptocurrencies to Watch Amid Russia’s Attack on Ukraine

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In this article, we discuss the 5 cryptocurrencies to watch amid Russia’s attack on Ukraine. If you want to read our detailed analysis of these currencies, go directly to the 10 Cryptocurrencies to Watch Amid Russia’s Attack on Ukraine.

5. Ripple

Ripple is one of the cryptocurrencies most likely to be affected by the rising political tensions in Eastern Europe. The Ripple coin is used on RippleNet, a cross-border money exchange platform that is used by businesses to act as an alternative to SWIFT payments. As the West discussed placing sanctions on Russia for the Ukraine invasion, there has been increasing talk around banning Russian businesses from SWIFT payments. If this happens, RippleNet could emerge as a viable alternative. 

The advantages of using Ripple on the platform include faster speeds, minor fees, and more privacy with regards to transactions compared to SWIFT payments. Another advantage is that over a hundred banks worldwide use the network already, giving these businesses access to traditional banking systems as well. Ripple was founded by Arthur Britto, David Schwartz, and Ryan Fugger in 2012. 

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