Ripple Deep Dive for Financial Professionals

editor score
Editor Score:
100
editor score
Quality:
100
editor score
Usability:
100
editor score
Reliability:
100
Asset Type
License
Free
Expiration
Monday, October 14, 2024
Publication year
2014
Industry
Financial

Building Upon Other Digital Currencies Like other digital currencies such as Bitcoin, the Ripple Protocol enables peer-to-peer transaction settlement across a decentralized network of computers. As a result, Ripple circumvents many of the fees and reduces many of the risks involved in interbank funds transfers, particularly in international transactions. Unlike other digital currency protocols, however, the Ripple Protocol is currency agnostic and users are not required to transact in the Protocol’s native currency (XRP). In addition, the technology enables near real-time settlement (three to six seconds) and is built to route each international transaction to the cheapest FX bid/ask spread available in the network.

Yegii expert:
Time horizon:
2-5 Years
Yegii Reviews: