The price of XRP and Litecoin, two of the world's largest cryptocurrencies, fell to new 2018 lows on Wednesday.
Ripple's sales of the XRP cryptocurrency fell 56 percent to $73.53 million in Q2, but the firm gained more customers, its latest report says.
A third investor in three months is suing Ripple on grounds that the XRP cryptocurrency is a security issued by the firms.
"Let's be clear: Ripple is different than XRP," said Ripple head Brad Garlinghouse during day two of CB Insights' Future of Fintech conference.
A new lawsuit claims XRP is a security controlled by Ripple.
In a tweet late Thursday night, Ripple stated that three of the top five money transfer businesses will begin using its XRP cryptocurrency in 2018.