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Ripple raises $200 million to improve global payments

It is currently worth $8.4 billion according to CoinMarketCap. While XRP is a decentralized cryptocurrency, Ripple controls a significant chunk of the total market cap.

Ripple believes that cryptocurrencies (and XRP in particular) could be a great way to facilitate cross-border transactions.

The company has been trying to convince financial institution to switch to RippleNet as the back-end currency for international payments.

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