2022-05-24 16:00:57
Overview About Ripple (XRP)
Ripple was recognized as a real-time aggregated payment system, as well as a currency exchange and remittance network. In essence, Ripple allows connecting banks around the world, thereby promoting cross-border transactions and payments.
What problem does Ripple solve?
Speed problem: The process of making cross-border payments will be shortened to only 5-10 seconds.
Cost Issues: By offloading middlemen, Ripple can reduce transaction costs by up to 60%.
Transaction Success Rate: Ripple will track all payments made and stop any potentially failed transactions before it happens.
Basic information about XRP:
Ticker: XRP
Blockchain: XRP Ledger
Token Type: Utility Token
Block time: 4 seconds
Transaction Time: 1,500+ TPS
Total Supply: 99,989,535,142 XRP
Current price of XRP at ≈ $0.38
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