The Major Korean Cripto Stock Exchange suddenly renamed XRP: What’s going on?

The popular cryptocurrency XRP has recently seen strange, but significant development in the Korean crypto investment landscape. Today, three largest crypto exchange in South Korea – Konon, Sail and Bithumb – suddenly announced that XRP He was just renamed.

In fact, the CSRP is now a new name for cryptocurrency, which most crypto markets called it. However, it seems that the South Korean market was not an XRP, but Ripple a coin until recent change. It is understandable why people often confuse Ripple and XRP.

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The XRP token was originally called “Ripple”, and the company based in San Francisco has crazy large funds of cryptocurrency, 37.43 billion KSRP that is true, which is equivalent to about $ 91 billion. On top of that, Jed McCaleb was a key figure in creating and Ripple and XRP books, but later it started to build Stellar (XLM).

Even the author of this article confused Ripple and KSRP when he first started working at U.Today, for which he rightly received an explanation from the Community of Fans of this Cryptočarc.

But as you can see from South Korea, it is not that this is a misconception that is XRP = Ripple, but that the old association begins to be placed.

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Yes, the price of the cryptocurrium action is still largely dependent on actions and news from the CRIPTO Company Company. However, as a legal calculation of SEC against Riplle It turned out that all separate entities were and someone doesn’t belong to another.

It will be interesting to see how the community welcomes such changes from Korean platforms and if this trend will continue to other markets.