Ripple's Business Model Explained: How XRP Powers Payments
Most people get this completely backwards. They think XRP is Ripple’s product—the thing the company sells—and the blockchain is the point. The reality is almost the opposite. Ripple the compa...
Source: BitCoinTalk
Most people get this completely backwards. They think XRP is Ripple’s product—the thing the company sells—and the blockchain is the point. The reality is almost the opposite. Ripple the company built payment infrastructure for banks, and XRP happens to be one tool they use to make those payments faster and cheaper. Understanding this distinction is…