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Category: Money transfers

Ripple’s intention is to revolutionize payment transfers using blockchain technology. Ripple wants to enable seamless transfer of any currency. Many people refer to XRP as a centralized currency since all XRP has already been mined. New currency is added to the market from encrypted accounts controlled by the company Ripple which currently has over 50% of the total and final number of XRP. Ripple focuses in particular on the banking industry and large-scale international money transfers, which is a trillion market with great potential due to high transaction costs. Ripple’s network can handle thousands of transactions per second with low costs, which opens up huge savings for the banking industry.

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