Cryptocurrency Market Capitalizations Ripple

1Ripple details
Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol. it is built upon a distributed open source Internet protocol, consensus ledger and native cryptocurrency called XRP (ripples). Released in 2012, Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks." It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. At its core, Ripple is based around a shared, public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.
The network can operate without the Ripple company. Among validators are companies, internet service providers, and the Massachusetts Institute of Technology.
Used by companies such as UniCredit, UBS and Santander, Ripple has been increasingly adopted by banks and payment networks as settlement infrastructure technology, with American Banker explaining that "from banks' perspective, distributed ledgers like the Ripple system have a number of advantages over cryptocurrencies like bitcoin," including price and security.
Ripple's website describes the open-source protocol as "basic infrastructure technology for interbank transactions – a neutral utility for financial institutions and systems." The protocol allows banks and non-bank financial services companies to incorporate the Ripple protocol into their own systems, and therefore allow their customers to use the service. Currently, Ripple requires two parties for a transaction to occur: first, a regulated financial institution "holds funds and issues balances on behalf of customers." Second, "market makers" such as hedge funds or currency trading desks provide liquidity in the currency they want to trade in. At its core, Ripple is based around a shared, public database or ledger that has its contents decided on by consensus. In addition to balances, the ledger holds information about offers to buy or sell currencies and assets, creating the first distributed exchange. The consensus process allows for payments, exchanges and remittance in a distributed process. According to the CGAP in 2015, "Ripple does for payments what SMTP did for email, which is enable the systems of different financial institutions to communicate directly."

Ripple Ripple is the open-source payments protocol for free and instant exchange of any form of money or value.

  • Continued Decentralization & the XRP Ledger...
    by Team Ripple on February 21, 2018 at 16:00

    In May of 2017, Ripple announced its preliminary strategy to increase decentralization and ensure that no single entity has operational control of the XRP Ledger. Our last update, in October, laid out the details of our two phase plan. The first phase is well underway: Ripple has migrated to using […]

  • rippled Version 0.90.0
    by Rome Reginelli on February 21, 2018 at 11:33

    rippled Version 0.90.0 Ripple has released rippled version 0.90.0, which introduces several enhancements that improve the reliability, scalability and security of the XRP Ledger. Ripple recommends that all server operators upgrade to version 0.90.0 by Thursday, 2018-03-15, for service continuity. […]

  • RippleNet Strengthens Emerging Markets Access...
    by Team Ripple on February 21, 2018 at 10:00

    According to the World Bank, global remittance payments are on track to grow by 3.4 percent or roughly $466 billion in 2018, with India and China having the highest incoming flows in 2017. Together with this massive flow of capital, emerging markets are home to 85 percent of the global population […]

  • Fan Friday: Q&A with Hodor
    by Reinhard Cate on February 16, 2018 at 16:53

    XRP’s advantage over other digital assets derives from its underlying technology and utility. It’s incredibly scalable — powering over 1,500 transactions per second — and is faster than any other digital asset available today. It also has a compelling use case: the potential […]

  • Demystifying Digital Assets Part 2
    by Team Ripple on February 14, 2018 at 20:03

    SWIFT — the decades old financial messaging service relied on by banks around the world — no longer has the monopoly on global banking it once did. Blockchain has quickly emerged to challenge SWIFT’s dominance on the industry. While SWIFT has been a reliable and secure method to […]


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