Ripple is simply amazing!!
If you don’t know, Ripple is actually 3 different things…
1. It is an internet protocol (like FTP, HTTP, etc.) designed for the sole purpose to federate existing financial systems the same way SMTP brought all the different email companies under one umbrella.
2. It is a market place that allows for the exchange and sale of fiat and crypto currencies.
3. It is a currency created, not to hold value, but to lubricate the system. By charging .00001 XRP per transaction …. on a scale that proportionally increases to the volume of transactions the sender creates…..it prevents spam and defends against denial of service attacks.
Comparing fiat and crypto currencies to one another is similar to comparing different kinds of cars with different features. Dollars, Bitcoin, euros, litecoin, sterling….they all have something that make them stand out.
Ripple is VERY different. Ripple is the market place to buy and sell those cars and… more importantly .. the road on which they can faster than ever before!!!
I LOVE Bitcoin...that's why I'm using Ripple....I want to see Bitcoin succeed!!!!
(If you MUST have a conceptual comparison, try this: email meets bitcoin meets western union meets the forex)
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