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It is an open-source protocol designed to allow transactions in a fast and cheap manner. Ripple is not just a platform but a currency. This platform has its own currency known as XRP but also allows people to create their own currency via RippleNet.

Facebook has unveiled its plans to launch its cryptocurrency Libra, and it's clear that the social media giant has bold ambitions.Characterising the cryptocurrency as "a new global currency powered by blockchain technology", the company has designed Libra to be a robust, borderless currency backed by low-volatility assets in a pool known as the Libra Reserve.

The Libra currency is built over the Libra blockchain. It is an interoperable open-source ecosystem of financial services which is built by organizations and developers to help people and businesses hold and transfer Libra for daily use. The Libra blockchain prioritizes scalability, efficiency, storage, and adaptability. The Libra blockchain aims to serve as a solid foundation to meet the financial requirements of billions of people.

According to the recent announcement, the China government is ambitious to launch a Central Bank Digital Currency (CBDC) to "dominate the digital commerce landscape and make the economy future-ready."

A rundown of some of the best places to splash your virtual cash. Bitcoin has enjoyed a rapid rise in prestige over the last few years, with more and more businesses accepting the currency every week. But where in the UK can you actually spend your hard-earned digital moolah?

Bitcoin fell below the $4,000 mark in February, leaving many questioning whether the digital currency was on its last legs. However, following a month of gains, sentiment is now far more positive, with many predicting that the Bitcoin price could soon be back above the $19,700 record set in December 2017.