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Showing posts from October, 2023

The Case for XRP: Global Payment Clearing

 TL;DR Ripple, founded in 2012, aims to revolutionize international money transfers through its XRP token and blockchain technology. XRP’s unique features, including its escrow system and role in international payments, position it as a potential disruptor to traditional systems like SWIFT. Despite promising case studies and regulatory developments, XRP’s widespread adoption faces challenges related to regulatory clarity, ongoing lawsuits with SEC, and therefore market acceptance. A bit of history ... Ripple is a big name in blockchain and cryptocurrency. It was founded in 2012 with the goal of changing the way international money transfers are done through new technology. At the center of Ripple's ecosystem is XRP, a digital asset designed to make cross-border transactions quick and cost-effective. XRP is different from a lot of other cryptocurrencies because it was created as part of a larger project, and Ripple Labs has been a big part of that. Ripple's goal is to replace tr...