Let's now look into some of the common misconceptions about Ripple. These misconceptions are important because, for investors, these lead to a make-or-break decisions.
Debunking misconceptions about Ripple
Ripple and XRP are not the same
Ripple is a company that makes software products for banks. This company made an open-source distributed ledger or the XRP ledger. This ledger also issues its own currency called XRP. However, all of the software products that Ripple offer doesn't use this XRP ledger.
The xCurrent software we discussed in the last chapter doesn't use the XRP ledger. However, the product uses blockchain technology for cheap and fast payment settlements.
The XRP ledger is decentralized and powered...