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| Ripple cryptocurrency background | Trending Videos. We also reference original research from other reputable publishers where appropriate. The purpose of XRP is to serve as an intermediate mechanism of exchange between two currencies or networks�as a sort of temporary settlement layer denomination. High angle view, no people. Ripple's main focus is as a payment settlement asset exchange and remittance system, similar to the SWIFT system for international money and security transfers used by banks and financial intermediaries dealing across currencies. |
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RIPPLE XRP - U.S. FEDERAL RESERVE PURCHASES XRP AT $10,000! (SEC PROPOSES SETTLEMENT TO RIPPLE CEO!)The Ripple network and its cryptocurrency XRP were launched in XRP is different from other cryptocurrencies in that it is owned by a single company and. History. Ripple was conceived by Jed McCaleb and built by Arthur Britto and David Schwartz who then approached Ryan Fugger who had debuted in as a financial service to provide secure payment options to members of an online community via a global network. Ripple Labs is a company behind the cryptocurrency XRP and the XRP Ledger network. � Bitcoin is considered to be more decentralized than XRP, but XRP is cheaper.
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