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PYMNTS Blockchain Series: What Is XRP?

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Throughout this series of articles, we’re looking at the top blockchains in cryptocurrency to help you make sense of the alphabet soup of so-called “altcoins” that exists beyond that of bitcoin’s BTC and Ethereum’s ETH.

We will look at what they are, how they work, what they do, and their pros and cons.

You’ll come out of this series not only with a better sense of what cryptocurrency is all about, but you’ll also understand why the way a token works — the way its blockchain processes transactions — is key to its success or failure as a digital asset.

See also: PYMNTS Blockchain Series: What Is Bitcoin Cash? The No. 2 Payments-Focused Crypto Goes Its Own Way

So, what is XRP?

First off, it’s arguably the cryptocurrency most deeply involved in the payments industry.

Secondly, the cryptocurrency not properly called “ripple.”

Thirdly, capital-R Ripple is a company that uses XRP to power a network of banks and money transmitters that use it to bypass financial messaging service SWIFT and transfer funds internationally for pennies and in seconds.

It is also…

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