Ripple is the latest digital coin to see massive investment volumes in a few short hours. In the last 24 hours, Ripple digital exchange rose 89 percent. Ripple CEO Brad Garlinghouse says that the gold rush could be due to people’s fear of missing out, but considers that Ripple’s investment volumes are changing as people understand the difference between Bitcoin and Ripple. He says that a digital currency can stand the test of time based on “the utility it drives.” “Bitcoin is not going to be used for a payment tool,” he said, noting that Bitcoin’s transaction clearance takes about 12 hours. Meanwhile, he says that Ripple is meant to solve cross-border transactions, so it’s fast and very “efficient.” Bitcoin is still the number one cryptocurrency, according to industry source coinmarketcap.com. Ripple comes in at number three, with a market capitalization of about $30 billion, while Bitcoin’s market cap valuation is about $300 billion. Legally, none of the digital currencies are regulated. The SEC has warned that it can’t offer foreign protection, because the currencies extend beyond the U.S. borders. Furthermore, the agency still has no regulations in place for crypto. Still, the CBOE started trading futures in December. For full interview [click here](https://cheddar.com/videos/the-crypto-craze-december-15-2017).

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