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RIPPLE CRYPTOCURRENCY

RIPPLE 
Ripple is the third largest cryptocurrency in term of market capitalization. Ripple company plan to expand its partners with major banks around the world. The main products for Ripple are financial products for banks and financial institutions. Ripple Company claimed that Ripple transactions are cheap and fast, and it is more competitive and more efficient than other form of financial transactions.

 There are 4 major Ripple services including: 
  • xCurrent 
  •  xRapid
  •  xVia
  •  XRP.


xCurrent:


xCurrent platform was built on distributed ledger called interledger, bare in mind that xCurrent is working differently from XRP. Interledger was built and developed by Ripple team, but the platform is not managed by Ripple team. It was assigned to World Wide Web Consortium (W3C) to manage the platform.
xCurrent will help banks to process and connect  transactions of many currencies with each other banks, xCurrent can help manage transactions for both fiat currencies and cryptocurrencies.

 
xRapid:


xRapid is a platform that is used for processing XRP transactions. Ripple’s customers can exchange their currency to XRP by using xCurrent payment protocol. xRapid is very competitive in cross-border transactions with low transaction fees and very fast transaction times. 
 

 Xvia:
xVia is a fianacial payment interface that has been designed to facilitate the use of xCurrent and xRapid.
 

XRP:
XRP is a CENTRALIZED digital currency, it transfer on Ripple Platforms such as xCurrent and xRapid. XRP is a centralized currency so it uses less electricity for transactions with faster transaction speed and cheaper transaction fees. Ripple services enable banks and financial institutions to send real time international payment across Ripple networks.
 

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