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When was Ripple coin issued?

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Apr 18, 2024 pm 04:50 PM

digital currencyRipple

Ripple was issued in September 2012. It is a digital currency designed to provide financial institutions with fast, low-cost cross-border payment solutions to solve the inefficiency, high cost and slowness problems in traditional payment systems.

When was Ripple coin issued?

Ripple issuance time

Ripple issuance time:

September 2012

Ripple ( XRP) is a digital currency issued by Ripple in September 2012. Initially, Ripple was called OpenCoin, but was later renamed to better reflect its role as an international payments network.

Ripple aims to provide financial institutions with a fast, low-cost cross-border payment solution. It leverages distributed ledger technology (DLT) to enable transactions to be completed in seconds while costing just pennies.

The issuance of Ripple aims to solve the problems of inefficiency, high cost and slowness in traditional cross-border payment systems. Since its release in 2012, Ripple has become one of the most widely used digital currencies in the world, adopted by many financial institutions and businesses.

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