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Ripple

Finance and Accounting

Ripple is a real-time gross settlement system, currency exchange, and remittance network, along with its associated cryptocurrency XRP, designed to enable fast, low-cost cross-border payments. Financial institutions and payment providers use Ripple's technology (RippleNet) to facilitate international money transfers more efficiently than traditional correspondent banking. The company has been a notable player in blockchain-based financial infrastructure, including a prominent legal dispute with the U.S. SEC over whether XRP constitutes a security.

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