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Ripple is centralized. It's basically another PayPal.

• ogogmad 6y ago
  OK, but I'm asking why they need a cryptocurrency. Paypal certainly doesn't need one.
  • eli 6y ago
    Why does anyone start a cryptocurrency? To get rich, of course
    • mtnGoat 6y ago
      this is probably the best answer OP is going to get. i doubt there was much logic applied, past the idea of getting rich, to the few thousand crypto currencies that were born in the last decade.
  • vkou 6y ago
    Because you can't collect dumb money from dumb people with the pitch of "I'm starting a competitor to PayPal, invest in me." But you can if you hint that if they buy your crypto tokens, those tokens will go to the moon.