What is ripple ?

The ripple network is based on an idea by Ryan Fugger in the developed and is used by the San Francisco-based labs ripple developed. The associated digital currency ripple there since 2012.

The ripple network is the only Blockchain in the banking sector with predefined rules and standards for cross-border payments according to the companies.

Thus sees itself ripple as currency-neutral exchange network. This means that all virtual currencies, such as the Bitcoin or Ethereum over the ripple network can be exchanged, but also paper currencies such as the dollar or euro.

Ripple wants to achieve that transfers are now as easy as sending an email. To achieve this goal, ripple provides a variety of services and tools for financial institutions and banks.