<p>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.</p>

CC BY-SA 3.0
2018-01-19T10:53:12.307Z
2018-01-19T10:53:12.307Z
David Schwartz
<p>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?</p>

<ripple><banks>
Do banks control ripple and how?
Miss N
# Do banks control ripple and how?

(Asked by: username_0 on 2018-01-18)

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?

**Tags:** ripple, banks


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## 1 answers

### Answer by username_1 on 2018-01-19. Score: 1

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.


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