8 Facts About Ripple


Ripple is a real-time gross settlement system, currency exchange and remittance network by Ripple.

Real-time gross settlement are specialist funds transfer systems where the transfer of money or securities takes place from one bank to another on a "real time" and on a "gross" basis.

A remittance is a transfer of money by a foreign worker to an individual in his or her home country.

Grateful Dead - Ripple by T shiroo


Also called the Ripple Transaction Protocol or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native currency called XRP.

Open-source software is computer software with its source code made available with a license in which the copyright holder provides the rights to study, change, and distribute the software to anyone and for any purpose.

Grateful Dead - Ripple - 10/31/80 - Radio City Music Hall (OFFICIAL) by Music Vault


Released in 2012, Ripple purports to enable "secure, instant 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.

A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency.

Fiat money is a currency without intrinsic value established as money by government regulation or law.

In economics, a commodity is a marketable item produced to satisfy wants or needs.


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 is decentralized and can operate without Ripple, it cannot be shut down.


Among validators are companies, internet service providers, and the Massachusetts Institute of Technology.

The Massachusetts Institute of Technology is a private research university in Cambridge, Massachusetts, often cited as one of the world's most prestigious universities.


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.

A payment system is any system used to settle financial transactions through the transfer of monetary value, and includes the institutions, instruments, people, rules, procedures, standards, and technologies that make such an exchange possible.

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, since the system works without a central repository or single administrator.

UBS AG is a Swiss global financial services company, incorporated in the Canton of Zurich, and co-headquartered in Zürich and Basel.

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