WHAT IS RIPPLE ?!

Ripple is a money transfer network designed to serve the needs of the financial services industry. XRP, a cryptocurrency adapted to work on the Ripple network, is consistently listed among the top five cryptocurrencies by market capitalization. Despite its ambitions, Ripple is currently tied up in legal trouble with the Securities and Exchange Commission (SEC), although that has hardly prevented XRP from surging in value along with other cryptocurrencies.

Ripple, A Modern Payment System
Ripple is a payment settlement system and currency exchange network that can process transactions worldwide. Ideally, Ripple serves as a trusted agent between the two parties to a transaction because the network can quickly confirm that an exchange is proceeding correctly. Ripple can facilitate exchanges in various fiat currencies or cryptocurrencies such as Bitcoin, and even other commodities such as gold. Unlike Bitcoin or Ethereum, Ripple does not refer to a blockchain network with native cryptocurrency assets. In fact, Ripple has a history of reframing how XRP fits into its business model. First, Ripple embraced it as the “fuel” that powers its cross-border payment technology, then pushed it aside to focus on xCurrent, xRapid, and xVia which are still other payment networks for cheaper and faster international payments.
In late 2019, xCurrent, xRapid, and xVia were rebranded as RippleNet, a payments network focused on fast cross-border transfers between financial institutions. In addition to RippleNet, Ripple also oversees the XRP Ledger, a blockchain-like network that facilitates payments in XRP, the digital currency issued by Ripple. Like other cryptocurrencies, XRP can be sent to and from digital wallets regardless of international borders. When it launched in 2012, Ripple marketed XRP as a faster and cheaper alternative to Bitcoin because these transactions could be completed in seconds. The XRP network can achieve these speeds because its infrastructure is centralized and does not use a system like the consensus algorithm used by Bitcoin to process transactions.
THE BENEFIT OF RIPPLE

1. Fast completion
Transaction confirmation is very fast. It usually only takes four to five seconds, compared to banks taking days to complete a transfer or the hours it takes for a Bitcoin transaction to be verified.
2. Very low cost
The fee to complete a transaction on the Ripple network is only 0.0001 XRP and this is a small amount compared to current rates for other cryptocurrencies.
3. Versatile exchange network
The Ripple network not only processes transactions using XRP, but can also be used for fiat currencies, cryptocurrencies, and other commodities.
4. Used by large financial institutions
Large companies can also use Ripple as a transaction platform. Santandar, Axis Bank, and Yes Bank are among those using the network, indicating that they already have greater institutional market adoption than most cryptocurrencies.

Can You Use Ripple and XRP?

You can use XRP like any other digital currency, either for transaction purposes or as a potential investment. You can also use the Ripple network to process other types of transactions, such as exchanging currencies.
For example, if you want to exchange USD for Rupiah, you can first exchange your USD for XRP on the Ripple network, then use it to buy Rupiah, rather than handling the currency exchange directly through a bank or through a money exchange service. This can be a much faster and cheaper approach than paying the high fees that banks and money transfer organizations may charge.
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https://ripple.com