Cryptocurrency Q&A
What is BNB pegged XRP?
What is BNB pegged XRP?
Michele
Tue Apr 22 2025
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5
answers
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I recently heard about BNB pegged XRP and I'm wondering what it is. Is it a new type of cryptocurrency? How does it work and what are its benefits? I'm familiar with BNB and XRP individually, but this pegged version is something new to me.
5 answers
DigitalTreasureHunter
Thu Apr 24 2025
Binance-Peg XRP is a token that is native to the web3 ecosystem. This digital asset is specifically designed to operate within the decentralized framework that characterizes web3 technologies.
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Sara
Thu Apr 24 2025
The primary method of acquiring and selling Binance-Peg XRP involves decentralized exchanges. These exchanges facilitate peer-to-peer transactions without the need for a central authority or intermediary.
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InfinityEcho
Wed Apr 23 2025
The decentralized exchanges that support Binance-Peg XRP operate through the use of smart contracts. These contracts are self-executing pieces of code that automate the terms of an agreement between buyers and sellers.
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Chloe_martinez_explorer
Wed Apr 23 2025
The blockchain that these smart contracts operate on is undefined at this point. However, it is clear that the blockchain in question is capable of supporting the advanced functionalities required for decentralized exchanges and smart contracts.
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CryptoAlly
Wed Apr 23 2025
To interact with the smart contracts that facilitate the buying and selling of Binance-Peg XRP, users will need a web3 wallet. A web3 wallet is a digital wallet that is designed to work with web3 technologies, including decentralized exchanges and smart contracts.
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