Too Long; Didn't Read
A Brief Look Into Ripple (XRP): Banks, Pre-mines, and Lawsuits. This post is a brief look into the different aspects (good, bad, and ugly) of the XRP token and Ripple Labs, the company. XRP is not required (and scarcely adopted) by banks to settle transactions within the Ripple protocol. Ripple is a private, for-profit company that sells the closed-source banking software RippleNet which was previously split into three separate products called xCurrent, xRapid, and xVia.
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