What is Ripple XRP? XRP Explained

Published on April 9, 2022

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#xrp #ripple #ripplewallet

What is Ripple XRP? Are Ripple and XRP synonymous?

XRP is a popular cryptocurrency that has been around a lot longer than people may think. This video goes over the XRP coin use case and Ripple’s role as an XRP steward.

Leave your XRP price prediction in the comments!

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What is Ripple XRP? XRP Explained, chapters:

0:00 Introduction: Ripple and XRP are two different things
0:58 The merger that created Ripple: RipplePay merges with Open Coin
1:10 What is Ripple: Ripple provides a fintech enterprise solution for financial institutions allowing them move currencies across borders faster and more reliably on the RIpple Network.
1:35 How Does RippleNet Help Financial Institutions: RippleNet is faster than Bitcoin and can settle transactions within seconds.
1:57 How Does RippleNet work: Ripple uses the XRP ledger blockchain to track, process and guarantee all transactions.
2:08 Ripple Transactions & Power Consumption: Unlike Bitcoin, Ripple does not have a concept of mining, allowing XRP transaction fees to be low.
2:58 Ripple Advantages: Ripple is AML compliant, with fraud detection, sanction screening, and regulatory reporting in place.
3:26 What is the XRP Token: XRP provides On-Demand Liquidity for financial service providers within the Ripple network.

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Information provided is for informational purposes only and should not be considered financial advice. Investing in crypto assets is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Past performance is not indicative of future results.

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