Cryptocurrencies After Russia-Ukraine War: Top 5 Gainers

4. Ripple

Ripple is one of the coins gaining importance as the war spreads to major Ukrainian cities. Ripple is one of the most popular coins for cross-border payments. As Western nations sanction Russia and Ukraine moves to broaden the support for crypto to support the war efforts, both countries have seen a massive surge in prices of currencies like Ripple. Russian businessmen are using the coin to navigate the sanctions while Ukrainians use it to fund the war. The price of the coin, after being flat for months, is up over 2% since the invasion. 

Ripple is also important to the crisis because it already has partnerships with over a hundred banks around the world. This global reach increases the appeal of the coin to people who are using it as a workaround to the SWIFT payments system since it enables seamless transfer between different currencies at lightning fast speeds.