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Ripple is a distributed ledger technology whose primary goal is to challenge bank hegemony in the financial market. They plan to provide. Ripple Labs controls the XRP supply. Ripple Labs decides when to release coins, giving it control versus other cryptos where coins are slowly. The company earns fees as customers use crypto for payments or its stablecoin. The fees could be a significant revenue driver for the company if.
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The main problem holding investors back is the uncertainty of a lawsuit between Ripple Labs, the creators of Ripple and XRP, and the SEC. The crypto industry lauded a judge's July ruling in the case that concluded sales of Ripple's XRP token directly to institutional investors. A New York judge has ordered Ripple Labs to produce certain financial statements and information on the institutional sale of XRP tokens at the.
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