Cryptocurrency Q&A
Is Ledger owned by Ripple?
Is Ledger owned by Ripple?
Giuseppe
Sun Jul 21 2024
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7 answers
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Could you please clarify the ownership relationship between Ledger and Ripple? I've heard rumors that Ledger, a leading manufacturer of hardware wallets for cryptocurrencies, is somehow affiliated with Ripple, the company behind the XRP cryptocurrency. However, I'm not entirely sure if these rumors are true. Could you confirm or deny whether Ledger is owned or operated by Ripple in any way? This information is crucial for me to make informed decisions regarding my cryptocurrency investments and hardware wallet selection. Thank you for your assistance in clarifying this matter.
7 answers
CryptoAlchemy
Tue Jul 23 2024
XRP, the native cryptocurrency of the XRP Ledger, is a fundamental component of Ripple's operations.
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Silvia
Tue Jul 23 2024
The XRP Ledger, an open-source distributed ledger, is operated by the XRPL foundation, ensuring its decentralized nature.
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Margherita
Tue Jul 23 2024
The term "Ripple" is often used interchangeably with the XRP token, though this can lead to confusion.
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Elena
Tue Jul 23 2024
Ripple, formerly known as Ripple Labs, is a company that has garnered significant attention in the cryptocurrency industry.
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Andrea
Tue Jul 23 2024
It is important to clarify that Ripple, the company, does not own or control the blockchain or the cryptocurrency itself.
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