The Cryptocurrency Consultant

The Cryptocurrency Consultant

Blockchain and Cryptocurrency Educator. Passionate Writer.

Ripple

What is Ripple (XRP)?

Explanation & Advantages & Disadvantages

The Cryptocurrency Consultant

5 minute read

What is Ripple (XRP)? Main Picture

Ripple (XRP) is an open-source protocol that is to be used as a distributed peer-to-peer payment system, particularly in banking and finance. The interesting thing about Ripple technology is its currency independence. Basically, a transaction in the Ripple network can be processed in any currency imaginable. In this way, Ripple wants to solve a fundamental problem in the international monetary system. This is because complicated currency exchanges lead to high fees, especially for transactions…

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