What is Ripple XRP? XRP Explained

#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!

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 to 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 works: 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 below.
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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Disclaimer:
This is for informational purposes only. All Crypto Guide does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. Rates and terms set on third-party websites are subject to change without notice.

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