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Ripple (payment protocol) Ripple is a real-time gross settlement system, currency exchange and remittance network that is open to financial institutions worldwide and was created by Ripple Labs Inc., a US-based technology company. Released in 2012, Ripple is built upon a distributed open source protocol, and supports tokens representing fiat ...
A cryptocurrency, crypto-currency, or crypto [a] is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. [2] It has, from a financial point of view, grown to be its own asset class.
Products. Ripple Payment and Exchange Network. Number of employees. 1,120 (2023) [2] Website. ripple.com. Ripple Labs, Inc. is an American technology company which develops the Ripple payment protocol and exchange network. Originally named Opencoin and renamed in 2015, the company was founded in 2012 and is based in San Francisco, California.
v. t. e. In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. [ 1 ] Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. [ 2 ]
The foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
Australian dollar as legal tender. Swiss franc as legal tender. Currency board. Toggle Currency board subsection. Singapore dollar as exchange rate anchor. Hong Kong dollar as exchange rate anchor. Conventional peg. Toggle Conventional peg subsection. Indian Rupee as exchange rate anchor.
Website. www.xe.com. Xe.com (Xe) is a Canada-based online foreign exchange tools and services company headquartered in Newmarket, Ontario. It is best known for its online currency converter application that offers exchange rate information, international money transfers, and other currency-related services via its website, mobile apps, and ...
In macroeconomics and economic policy, a floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which a currency 's value is allowed to fluctuate in response to foreign exchange market events. [1] A currency that uses a floating exchange rate is known as a floating currency, in ...