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Author: Admin | 2025-04-28
Ripple had initially opted for a peer-to-peer architecture. In the course of evolving their ideas, the team came to believe that reputable businesses, of a sufficient size, would be needed to ensure users’ trust. These businesses are what Ripple calls Ripple Gateways. This change in architecture marked a sharp shift towards a hybrid system that combines traditional banking structures with a peer-to-peer network.This combination would later prove to be pivotal to the project’s popularity in the traditional financial sector, as established financial institutions viewed it as a less unfamiliar route into engaging with the crypto and blockchain industry.Ripple, the for-profit company headed by Chris Larsen, soon began to secure high-profile partnerships and the number of financial institutions using RippleNet to facilitate cross-border payments began to steadily increase.One of Ripple's main use cases is to facilitate the cross-border transfer of money. In achieving this aim, Ripple has had many high-level partnerships with financial institutions that make use of its services. For example, before the partnership ended in March 2021, Ripple and MoneyGram worked together (MoneyGram used Ripple's cross-border payment and foreign exchange settlement product).In June 2020, Banco Santander (one of the largest banks in the world) partnered with Ripple to use its One Pay FX service — a jointly developed cross-border payments system. And in November 2020, Bank of America was confirmed as a user of RippleNet, along Santander, Standard Chartered and others.The best option is to by XRP from one of the many exchanges supporting Ripple’s native asset. Options include:BitstampKrakenGateHubBitfinexBinanceFTXUpbitHitBTCAnd Many OthersThese platforms all help users buy and sell XRP, either through cryptocurrency, stablecoin, or fiat currency pairings.Even though some crypto exchanges let users buy bitcoin or ethereum with PayPal, the same does not apply to XRP. However, several brokers - including eToro - let users funds their account with
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