Download - An Introduction to Ripple XRP
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An Introduction to Ripple XRP
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What is virtual currency?• A virtual economy is an emergent economy
existing in a virtual persistent world, usually exchanging virtual goods in the context of an Internet game.
• Some examples are : Bitcoins, Litecoins etc
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What is Ripple XRP ?• Ripple is an open source person-to-person
payment network — a simple way for anyone in the world to send money to anyone else at practically no cost.
• XRP is a math-based currency designed to work seamlessly with the Internet. Powered by a global network of computers, XRP is a fast, direct, and secure way to send payments on the web.
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Why Ripple ?• Ripple is a decentralized but unified system• You can move money from system to system.
Or you can keep it simple in Ripple.• Moving money into and out of Ripple is easy
too
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How it works?
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How you can convert Bitcoins to XRPs?
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Benefits as a Payment Protocol
Any currency Global Final Fast Wire transfer cost $15 vs. $0.00003 on Ripple Protocol
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Ripple XRP users Basic users Merchants Market Makers Gateways
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Gateways (What they do?)• Issues local currency balances on Ripple• Balances can be transferred across the ledger
without intermediaries • Earns fees as they wish
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Summary
• Ripple is emerging as a next promising virtual currency.
• A simple way for anyone in the world to send money to anyone else at practically no cost.
• While Ripple does not charge a typical fee for profit, each transaction does require a small portion of a ripple (equivalent to ~1/1000th of a cent) for security.
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Contact us
To know more about Ripple and to use XRPs, meet us at
• Website : www.tradefast.me• Facebook: www.facebook.com/Tradefast• Twitter : www.twitter.com/tradefastripple