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What is XRP and how to invest

XRP is the native cryptocurrency for products developed by Ripple Labs. Its products are used for payment settlement, asset exchange, and systems that function more like SWIFT, a service for international money and value transfers used by a network of banks. and financial intermediaries.

XRP is pre-mined and uses a less complicated mining method compared to Bitcoin.

What is Ripple

Ripple is a payment settlement system and currency exchange network that can process transactions around the world. The idea is for Ripple to serve as a trusted agent between two parties to a transaction, as the network can quickly confirm that the trade was successful. Ripple can facilitate trades for a variety of fiat currencies, cryptocurrencies like Bitcoin, and even commodities like gold.

Whenever users make a transaction, the network itself deducts a small amount of XRP, a cryptocurrency, as a fee.

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