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XRP Information
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Ripple also called XRP coin is traded throughout many different cryptocurrency exchanges and is one of the top traded coins now. The Ripple network is an open payment network for digital currency as well as a holding company. Ripple aims to create and enable a global network of financial institutions and banks to use Ripple software to lower cost of international payments. Ripple calls this global network the "Internet of Value" and operates on the XRP ledger which is an open source product created by Ripple. Ripple allows a secured and cheap way to move money around in a very fast and cheap way for business and for people.
Ripple was initially launched in 2012 and is already a revenue producing company with over 100 financial situations and banks on its blockchain network, including JP Morgan and Bank of America. In order to understand how Ripple functions, it is useful to know about RTGS and arts exp. For example, when you send money via Bitcoin the value is settled in the real time that's what we mean by real time gross settlement system or RTGS. Ripple uses what it calls gateways, which is best described as something that is similar to global ledger made up of something similar to private blockchain. This is essentially a digital portal that government companies and financial institutions use to join the Ripple Network.
Ripple is represented by the ticker XRP and has a total supply of 100 billion, Ripple is not centralized and if for any reason the company "Ripple" were to disappear, then XRP would continue function. It is important to note that the Ripple Network also functions as a currency exchange between all types of fiat currency. XRP is a digital coin that is built for providing the source of liquidity to payment providers, market makers and banks, while Ripple system makes sense for large corporations and is set to revolutionize how money moves around the world in a large scale. Ripple has shown that it can handle tremendous amount of transactions per second when compared to other cryptocurrencies on the market at the moment.