Is ripple a cryptocurrency

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Key Takeaways Ripple is a as a bridge currency to. Transactions are settled within seconds network with major banks and is used in Ripple products.

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What is Ripple? XRP Explained with Animations
Ripple is a cryptocurrency designed to serve the needs of the financial services industry. Learn about the company called Ripple and the cryptocurrency token XRP that's widely used on the XRP Ledger. Ripple Labs is the financial technology company behind the popular cryptocurrency XRP (XRP %), sometimes called Ripple.

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In , OpenCoin underwent another brand overhaul , shedding its previous moniker and management for Ripple Labs and new executives. It is a global payments network and counts major banks and financial services institutions among its customers. It will take many years before all billion XRP tokens from the total supply are available on the market. It is decentralized, meaning it is not subject to government , corporate , or other institutional influence. He can send the payment to his gateway in Canadian dollars CAD , and River can receive bitcoins from his gateway.