The Ripple solution or RTXP, for Ripple Transaction Protocol was created by the start-up ripple Labs, founded in 2012. Ripple wasn’t a cryptocurrency at start, but an interbank payment network dedicated to cross-border payments which launched its own native currency , the XRP coin, a simple exchange medium on the Ripplenet platform. Ripple is not aimed at individuals, but at institutions, especially banks across the world. Ripple is positioning itself as a very serious alternative to Swift, with a solution faster, more secure, and more flexible, while being cheaper. Finally , Inter Ledger Protocol coordinates simultaneous transfers allowing wider applications.

This data was last updated 2021-04-19 00:21:36 UTC