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.
2Concept
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.

  • The Ripple Drop – Episode 2
    by Reinhard Cate on July 16, 2018 at 19:26

    Welcome back for the second episode of The Ripple Drop, a web video series covering the latest news about the company’s customers, technology, products and culture. On the first segment this week, we’re talking Kahina Van Dyke, Ripple’s new SVP of business and corporate […]

  • Ask Me Anything with David Schwartz and Asheesh...
    by Team Ripple on July 13, 2018 at 21:51

    Watch this live recording of Ripple’s new CTO David Schwartz being interviewed by SVP of Product Asheesh Birla. The interview will cover David’s new role and include questions sourced directly from the community. The post Ask Me Anything with David Schwartz and Asheesh Birla appeared […]

  • Ripple Welcomes Kahina Van Dyke as Senior Vice...
    by Team Ripple on July 11, 2018 at 14:00

      Ripple is thrilled to have Kahina Van Dyke join our leadership team as the new senior vice president of business and corporate development. With more than 20 years of experience in banking and technology, Van Dyke will focus on driving new, strategic partnerships for Ripple across the […]

  • Two Big Changes to Our Leadership Team
    by Team Ripple on July 11, 2018 at 14:00

    As Ripple grows and evolves, so does our leadership team. That’s why today we are excited to announce two big changes. David Schwartz, who previously served as Ripple’s chief cryptographer, has been appointed to chief technology officer (CTO). Separately, Kahina Van Dyke has joined […]

  • The Difference Between Ripple and XRP
    by Team Ripple on July 9, 2018 at 18:43

    To help clarify how Ripple, the technology company, and XRP, the independent digital asset, are distinctly different, we’ve outlined in a simple infographic the most frequently asked questions related to the two: What is it? How is one related to each other? Who controls whether it succeeds […]



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