.@Ripple and @santanderuk announce partnership with @AmericanExpress
- Business customers' payments will be routed through Ripple
- $XRP will "come into play" later down the line
#XRPthestandardhttps://www.cnbc.com/2017/11/16/american-express-santander-team-up-with-ripple-on-blockchain-platform.html …
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Good question! RippleNet links financial institutions that have implemented Ripple's enterprise-grade version of the
@Interledger Protocol (xCurrent). Payments within this network are atomic (cannot fail), real-time and transparent. That saves lots of money. Next step is$XRP!Thanks. Twitter will use this to make your timeline better. UndoUndo
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One of the big criticisms of XRP is it being optional and not even required to use the network, and I seem to recall multiple Ripple investors say that false was and that the network needed XRP ...
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It's true. Keep in mind that there is a payment network (RippleNet) and that there is a settlement ledger (XRP Ledger). Banks have so far joined RippleNet, for which no XRP is needed. Next step is to settle payments on the XRP ledger, on which every transaction costs XRP.
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Thanks for the clarification. Appreciate it.
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You're welcome!
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