Ripple was first launched in 2012 and, much like Ethereum, its name is commonly used to describe both its payment platform and native currency. Its platform is actually called RippleNet, while its crypto is Ripple XRP. (On exchanges, it’s often just listed as XRP).
Instead of providing a way for traders and investors to make online transactions without going through a centralized financial body (which can be slow, potentially insecure, and costly), Ripple was designed to make it easier for those centralized financial bodies to make payments themselves.
Cross-border payments can be even slower and have much higher transaction fees than domestic payments — and global businesses can conduct hundreds of these transactions each day.
Here Are Some Companies That Support Ripple
Ripple (XRP) price equal to $1.57 USD at 2021-05-05 here’s a price prediction on Ripple (XRP) (POLYMOON)
Furthermore, By the end of 2021 we believe the price of Ripple (XRP) will be around $2.16 to $4.62USD.
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