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A universal, federated payment protocol

1 pointsby nemonokoalmost 12 years ago

1 comment

gealalmost 12 years ago
Correct me if I&#x27;m wrong, but the article begins by saying that a centralized system is bad, because you must use it to interact with the system&#x27;s clients. Then it goes on to say &quot;it would be awesome if everybody was using Ripple&quot;.<p>Beside the tongue-in-cheek comment, payment systems are already decentralized. You can send money to anyone just by knowing their IBAN number, independently of the bank you&#x27;re affiliated to.
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