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XRP is only used as a spam deterrent. There is a 0.00001 transaction fee to change ledgers (send money, but not XRP) in Ripple, that is actually destroyed, and
by ApolloFortyNine 9y ago
XRP is only used as a spam deterrent. There is a 0.00001 transaction fee to change ledgers (send money, but not XRP) in Ripple, that is actually destroyed, and there is a requirement that every account in Ripple maintain a $20ish balance of XRP.
- cheeseandpickle 9y agoWhat?? Where on earth did you get that? A tiny fraction of XRP is destroyed every time a transaction completes and wallet activation takes a reserve of 20 XRP (to keep the wallet active) as spam prevention BUT... XRP is used as an integral part of the overall vision - a bridge currency.