How many years was Ripple established?

Founded in 2012, Ripple is a digital asset and payment network created by the company of the same name, Ripple, mainly used for international remittances, providing liquidity, and serving as a payment gateway. Its advantages include: high transaction speed, low transaction fees, security, and extensive global partner network.

Ripple was founded in 2012

Ripple, also known as XRP, is a digital asset and payment network. It was created by Ripple Corporation in 2012.

Ripple Inc. and the purpose of Ripple Coin

Ripple Inc. is a financial technology company that develops blockchain technology and payment solutions. Ripple is the native cryptocurrency of the Ripple Corporation and is primarily used for the following purposes:

• International Remittances: Ripple allows for fast and low-cost cross-border payments because it utilizes Distributed ledger technology replaces the traditional banking system.
• Liquidity Provision: Ripple is used to provide liquidity, allowing banks and financial institutions to quickly exchange different currencies.
• Payment Gateway: Ripple can be used as a payment gateway, allowing businesses to accept online payments and convert them into their national currency.

Advantages of Ripple

Ripple has the following advantages:

• High transaction speed: The Ripple network can handle thousands of transactions per second.
• Low Transaction Fees: XRP transaction fees are extremely low, often only a fraction of a cent.
• Security: The Ripple network is based on a distributed ledger, which means transactions are secure and cannot be tampered with.
• Global scope: The Ripple network has a wide range of partners around the world, including banks, financial institutions and enterprises.

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