What is Ripple?

Ripple, now known as RippleNet, is a technology company that focuses on providing solutions for cross-border payments and remittances. It was founded in 2012 and aims to improve the efficiency of global financial transactions using blockchain technology and digital assets.

Key Features:

• Digital Asset (XRP) for Cross-Border Transactions
• Decentralized Payment Network
• Consensus Algorithm for Transaction Validation
• Support for RippleNet Members
• Integration of Second-Layer Solutions like the Lightning Network

Use Cases:

Ripple's technology is primarily targeted at improving the efficiency of cross-border payments, reducing the need for intermediary accounts, and providing cost savings for financial institutions.