Summary
- Upbit announced that it will change the Korean name of Ripple to XRP.
- This name change is intended to emphasize that Ripple is a company providing virtual asset infrastructure to financial institutions.
- Ripple explained that it is neither the developer nor the issuer of XRP, and it does not control XRP.
Domestic virtual asset (cryptocurrency) exchange Upbit has announced that it will change the name of the Ripple coin to XRP.
On the 7th, Upbit stated in a notice, "The Korean name for Ripple will be changed to XRP, and the English name will be changed from Ripple to XRP."
Previously, Ripple stated in an official press release, "Ripple is a blockchain technology company providing virtual asset infrastructure to financial institutions, supporting payment and custody solutions, and issuing the stablecoin RLUSD," adding, "The company Ripple is not the developer of the cryptocurrency XRP, nor does it issue or control XRP."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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