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I would like to know how banks are controlling ripple. What are the implications with regards to transaction fees? If I sell my ripple, what do I stand to lose in terms of bank charges?
Do banks control ripple and how?
Answers
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Banks don't control Ripple. Ripple is a corporation that is controlled by its stockholders. XRP is a cryptocurrency that trades on a public ledger. If you sell XRP on an exchange, you pay whatever the exchange charges, just like with bitcoin or Ethereum.
