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PPP and SLIP define methods of sending IP packets over standard asynchronous serial lines with minimum line speeds of1200 baud.
These methods are used as inexpensive ways to connect computers to a network without having to pay for a leased line.
Source: http://www.cisco.com/c/en/us/td/docs/ios/12_2/dial/configuration/guide/fdial_c/dafasppp.html#wp1000889
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