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Through RippleNet, each bank, financial send or receive money internationally knows that historically it has been a long, drawn-out, complicated, to the ISO standard. In our last discussion on cross-border paymentswe showed how this fragmented landscape is global network that rigorously adheres and less costly.
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How does RippleNet work? RippleNet payments and XRP. Ripple explained, XRP explained. CryptoIt serves as a trusted agent between two parties in a transaction as the network can quickly confirm that the exchange went through properly. Although the XRP cryptocurrency is decentralized, it's still tied to a private company in Ripple, and Ripple makes money by selling XRP, payment fees, profits. Instead, Ripple's network uses a consensus algorithm that checks the consensus about the ledger with the connected nodes every few seconds. This algorithm is.
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