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According to Investopedia, Ripple is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. The coin for the cryptocurrency is pre-mined and labeled XRP. Ripple is more known for its digital payment protocol than its cryptocurrency, XRP. And it operates on an open source and peer-to-peer decentralized platform that allows for a seamless transfer of money in any form, whether USD, Yen, litecoin, or bitcoin.What do you think of Ripple, guys? Is it the above-mentioned qualities of Ripple that makes it popular? Let's discuss.
Cross-border remittances are a real problem that needs a real solution. The current cross-border solution, SWIFT, is too expensive and takes too long (3-4 days versus 4 seconds with XRP). Ripple's cost can lead to up to 60% savings on remittances.
Yes ripple like a bank coin. many are talking about ripple because it is very strong in the community and the coin holders. I think ripple already has many bank partners around the world to run their technology.