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Ripple Quick Start Guide

You're reading from   Ripple Quick Start Guide Get started with XRP and develop applications on Ripple's blockchain

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Product type Paperback
Published in Dec 2018
Publisher Packt
ISBN-13 9781789532197
Length 160 pages
Edition 1st Edition
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Author (1):
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Febin John James Febin John James
Author Profile Icon Febin John James
Febin John James
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Toc

Important things to remember

Following are some important things that we need to remember while working with Ripple:

  • Ripple solves the previous inefficiencies through RippleNet. It uses blockchain technologies for reliable, efficient, and secure payments. Banks can integrate RippleNet into their system to make global payments efficient.
  • xCurrent is a software that sits between banks and RippleNet. It transforms traditional payment messaging formats into standard messages that are recognized by other users in RippleNet.
  • Ripple has built-in exchange features that allow traders to create offers to exchange currencies. This enables people to send cross-currency payments through the Ripple network.
  • Ripple account holders can set deposit authorization on their accounts. This configuration will disable the account from receiving the regular payments. Now, the account will be able...
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