$XRP #ETH #AXL Ripple CTO Unveils Origins of XRP
#60.000🔱 Currency Code Naming
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In a recent commentary shared with the
cryptocurrency community on Reddit, David
Schwartz, the Chief Technology Officer at Ripple
and one of the key architects behind the XRP
Ledger, provided an insightful explanation of the
naming convention of the ledger's native
currency, XRP. This elucidation canme to light
followinga highlight by Edward Farina, Head of
Social Adoption for XRP Healthcare, drawing
attention to Schwartz's analysis.
Understanding the naming convention
Schwartz's explanation sheds light on adopting
the name "XRP" for the digital asset. He pointed
out the traditional method used in naming fiat
currencies, where a three-letter currency code is
typically derived by appending a single character
to the two-letter country code of the issuing
nation. For instance, the currency code for the
United States Dollar is "USD," which builds on
country code "US." This practice facilitates a
standardized approach to currency identification
