Ripple :- Things you need to know about Ripple.
Ripple is a private Blockchain (Cryptocurrency) created by banks for them to use and enter into blockchain technology. It can been as simple as transferring amount from bank A to bank B. Ripple is a permission-ed private Blockchain.
Why was Ripple Created ?
1. Reduce transaction.
2. Reduce Overhead.
3. Bank's doesn't want to go out of business due to other blockchain cryptocurrency .
The banks own 70% of the ripple as it was created for them self. Ripple works with banks to transform how to send money around the world. For Example Ripple will act like a tunnel where from one end you invest money (that is to be transferred) to other region (or the other end of tunnel). The other end of tunnel will act like withdrawing the money which was invested. So Ripple helps to move value as we move information today.
Why should an individual use ripple?
- Directly accessible by banks.
- Speed (instant settlement).
- Real-time traceability of funds.
- Cost (lowest total cost of settlement).
Why should banks use ripple?
- Banks can use ripple to lower processing costs and deliver better overall customer experiences.
- Grow revenue through differentiated products and services.
- Lowers your bank’s back-office costs through an efficient mechanism to process and settle international payments.
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Nice article.
Thankyou @janreyqm1
please Follow, upvote and Resteem
So if you don't like banks DON'T BUY RIPPLE! :)
It would be as "Ask your banks to use ripple"
Meh ripple , but the article is nice and easy to read you could make more of these, keep it up!
Thanks @jond please Follow, upvote and Resteem
Incredible greetings
Thanks @cindycam
I'm invested in Ripple. I really want them to do well but Ripple and XRP seem like two different things. It's the consultancy company and their own cryptocurrency. Even they have difficulties explaining why we as consumers should get XRP. I've actually written a post about this:
https://steemit.com/cryptocurrency/@valderrama/the-love-hate-relationship-with-ripple-xrp
Perhaps an interesting read.
It was an informative post thank you
Cool. Mate I need to learn writing blog more then code like you...
Thanks
good article..
I was lucky enough to get into arp @ .008 so yeah i'm a fan of it!
*xrp
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