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Ripple CTO Confirms XRP Ledger as Complete Financial System Beyond Just Payments

  • Ripple CTO, David Schwartz, confirmed the development of a comprehensive financial system around the XRP Ledger, XRP token, and RLUSD stablecoin.
  • The financial system framework consists of XRP as a medium of exchange, RLUSD as the unit of account, and XRPL as the decentralized payment infrastructure.
  • Ripple aims to offer services like loans, investments, and payments through this evolving infrastructure, providing a potentially broader range of financial services.
  • While XRPL supports various assets, XRP maintains its unique position within Ripple's ecosystem, serving distinct functions alongside other assets.

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