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How xrp is used?

Answers (1)

Arsalan Afzal
Feb 06, 2022 05:56:31

XRP is used as a bridge currency to enable fast and cheap global transactions. For example, if you want to send money to someone in Europe, you can use XRP to quickly convert your currency into Euros, and then the recipient can easily convert the Euros back into their local currency. This process would be much slower and more expensive if you were to use traditional methods like bank transfers or wire transfers.

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