Ripple President, Monica Long, claims that the XRP Ledger is more energy efficient than Bitcoin due to its unique consensus algorithm, making it 120,000 times more energy efficient.
Ripple aims to enhance transaction efficiency by acquiring Hidden Road, a firm in the brokerage, clearing, and financing space, for $1.25 billion.
The legal battle between Ripple and the SEC over the security status of XRP has finally concluded, allowing Ripple to move forward after being hindered for years.
Ripple's acquisition of Hidden Road and the resolution of the legal battle are expected to positively impact the value and growth of XRP in the market.