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Is this related to the modern day Ripple?

Yeah, the modern day ripple was a money based on debts, but it got bought out and replaced with a blockchain around 2013 once bitcoin got super popular, and the whole debt idea was wiped clean from ripple. The new owners just wanted the ripple brand.

Meanwhile, the debt idea is resurfacing on top of blockchains in the form of lightning payments. You can transact quickly via debts amongst a network of peers that settle their debts back to the blockchain for backing.

Wrong. First there was Ryan Fugger's Ripple, then people bought the name from him to make an entirely different system (it had some resemblances in the beginning but they got smaller and smaller as the system was developed).

Um, that's exactly what I said. You didn't need to start your message with "wrong" when you agree with me.

Mutual credit accounts have been present at every stage. They became less popular than the cryptocurrency aspect for awhile, but Interledger renews the focus on credit, while allowing for cryptocurrency integration where it is effective.

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