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RE: Ultimate Cryptocurrency Guide - Know What You Are Buying! - Utility Coins
As far as I've understood it, the Ripple protocol works quite independently of the Ripple token; the protocol is primarily made for fiat transfers. In this context the Ripple token clearly is not a "utility coin" in any sense.
But in order to use ripple for fiat transaction one need to use ripples...
Each transaction requires some ripples to be burnt...
I stand corrected
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