What is the Ripple

Ripple

An encrypted digital currency known as XRP, produced in 2013, opened exchange and distribution sites for currencies, attracting many investors, including Google. Ripple is valued at $ 0.03, with a market value of $ 1,237 billion.
A company called Open Coin has raised funding from a number of companies including Google Ventures, Anderson Horowitz, Lightspread Venture Partners and other sources. The idea is that the currency appreciation will allow the company to have more resources to fund its operations, It is bad for Open Coin's desire for a currency appreciation, but the system is radically different from bitcoin. The founder of Open Coin, Chris Larsen, believes that having a central currency company serves the interests of its users. "KFW is doing a great job with a group that works through an organization and private shareholders. Many companies and banks have been established to facilitate and complete their transactions faster and better, and to provide the expenses and expenses of remittances, including:

Bank of Tokyo-Mitsubishi UFJ (a member of MUFG), BBVA, SEB, Akbank, Axis Bank, YES BANK, SBI Remit, Cambridge Global Payments, Star One Credit Union
BBVA is one of the 50 largest banks in the world using the Ripple currency to facilitate remittances between Europe and Mexico.
The Digital Banking Bank is one of the largest private banks in Turkey. It is the first bank in Turkey to adopt Plockin, a model for other banks that wish to pay faster cross-border payments without the need for bank correspondence.

The Ripple platform serves two purposes: an open source payment network and a payment network Ripple provides free global payments and the ability to pay in any currency by using Exchange Exchange sites with an open protocol that any developer can use. "The Ripple network is HTTP, Or terms to use this currency.
You can easily replace the currency with the dollar, the yen and the euro. All of these currencies enter the system through a "gateway" that may be a friend, neighborhood or group, and if a hacker penetrates one of the portals the user can move to the next gate, and the only currency that will not need to be entered in. The ripple platform across the portal is "XRP", and this feature excels on "Pictuen".

With this development in the use of this currency and its launch in many financial institutions has become the rise of this currency through the price and the amount of circulation is a matter of time and may be a safe investment for those who know this area of ​​money exchange through platforms for encrypted currencies. And with the testimony of many economists, time is the only factor in the price rise in the near future from $ 0.03 to more than $ 20 during this year 2017