Ripple is a communication protocol used to send money via the internet. In the system developed by Ripple Labs, besides real currencies such as dollar and yen, crypto money payments such as Bitcoin and Litecoin can be made.
Ripple; It enables banks, payment providers, digital asset exchanges and companies to send money globally using advanced blockchain technology. Ripple provides a blockchain solution called RippleNet for global payments to banks, payment providers and other institutions . RippleNet customers can use XRP to supply liquidity for cross-border money transfers.
What is Ripple (XRP)?
Ripple was launched in 2012 as a payment network (RippleNet) as well as a cryptocurrency (Ripple XRP). Unlike many known cryptocurrencies, Ripple is a coin that can not be mined and that blockchain-based notebooks called ledger are managed entirely by a company. With its distinctive center, it stands out as a preferred coin and network, especially for large companies and banks that provide payment systems, as they can find a partner.
Ripple, where Brad Garlinghouse is CEO, has offices in San Francisco, New York, London, Sydney, India, Singapore and Luxembourg.