Ripple is the name of a payment network and the payment protocol which powers it. Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally.
Ripple is built on the most advanced blockchain technology that is scalable, secure and interoperates different networks.
It was developed and released in 2012 by a company of the same name, in order to enable "secure, instant and nearly free global financial transactions". It is built on principles similar to those of Bitcoin, so many people consider it a cryptocurrency. However, unlike Bitcoin, the source code of Ripple's technology is owned privately by the company, which means that it cannot be verified by any outsider. Ripple is a very popular network: many banks across the world use it as the basis for their own settlement infrastructure. Native currency of ri[pple is XRP (ripples). . Ripple issues a token called XRP that, as of Monday, January 1, had a market capitalization of $88.9 billion; each XRP was trading at $2.39. Ripple has been consistently present in the top 5 cryptocurrencies by market capitalization for the past several years.
While I still feel a bit uneasy about supporting a centralized style of coin, there is no doubt that Ripple is strong. It will be interesting to see how it does in 2018 as its market cap is already huge (It recently eclipsed that of ETH).
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