Revisiting Ripple (not the wine) amid China’s Bitcoin clamp-down

Revisiting Ripple (not the wine) amid China's Bitcoin clamp-down
[UPDATE Jan 6, 2018: With the sudden boom in Ripple’s price lately, I’ve had some inquiries from readers wanting to buy Ripple XRP with Chinese yuan. The Ripple vouchers mentioned in this post are no longer for sale on TaoBao, and as far as I know, there is no convenient way to buy XRP with yuan available now. It is possible to buy Bitshares, Bitcoin, Litecoin or Ethereum over the counter (OTC) with the apps I discuss in this more recent post.] JISHOU, HUNAN — Out of curiosity yesterday, I checked up on Ripple, a cryptocurrency I honestly had not used or paid much attention lately, just to see what all the buzz about it was. I was pleasantly surprised for two reasons. One, the value of Ripple against the dollar (well, cents, really) has more than doubled since last year. It seems Bitcoin’s inherent limitations have encouraged investors to look at altcoins — the bazillions of alternative electronic currencies to Bitcoin — resulting in sharp price spikes for several since January. Second, it’s once again possible to buy Ripple tokens (XRP) using the Chinese shopping website, Taobao, or payment processors like Alipay. So, I gave it a try and ...
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