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What Is XRP 2? Ripple CTO Explains

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David Schwartz, Ripple's Chief Technology Officer, clarified about XRP II. 

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This was after one of his followers discovered a reference to it within the official documents of the crypto payment company.

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Schwartz used Apple Pay and Apple as illustrations to explain that XRP II was a separate legal entity under the control of Ripple Labs. 

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It is required to perform specific, different activities. The developer made further clarification that XRP II wasn't a cryptocurrency. 

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According to the original document, XRP II sold crypto to third parties. This company was trading XRP for fiat money.

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According to Schwartz's tweet, the document that Schwartz provided to respond to Schwartz's tweet, the LLC in question was earlier named as XRP Fund II.

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