Cryptocurrency Q&A
Does Ripple actually do anything?
Does Ripple actually do anything?
Lorenzo
Wed Mar 27 2024
|
7 answers
1329
I've heard a lot about Ripple, but I'm not really sure what it actually does. Is it just another cryptocurrency like Bitcoin or Ethereum? Or does it have some unique features or functions that make it stand out?"
"I've also read that Ripple is trying to revolutionize the global payment system, but how exactly is it doing that? And why would banks and financial institutions want to use Ripple instead of the traditional payment systems they're already using?"
"I'm just trying to understand the real value of Ripple and why it's getting so much attention lately. Can you help me out?
7 answers
Stefano
Fri Mar 29 2024
The network does not depend solely on XRP, Ripple's native cryptocurrency, to function.
Was this helpful?
118
30
CryptoPioneer
Fri Mar 29 2024
This flexibility enables users to transact using a variety of assets, including fiat currencies and other cryptocurrencies.
Was this helpful?
111
59
Rosalia
Fri Mar 29 2024
The Ripple Network is a decentralized platform that allows for global transactions.
Was this helpful?
304
20
SamuraiCourageous
Fri Mar 29 2024
BTCC, a UK-based cryptocurrency exchange, offers services that integrate with the Ripple Network.
Was this helpful?
130
43
BlockchainBaroness
Fri Mar 29 2024
On this network, any currency or asset can be used for transactions.
Was this helpful?
216
49
Load 5 more related questions
