Ripple

Ripple provides one frictionless experience to send money globally using the power of blockchain. By joining Ripple’s growing, global network, financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. With offices in San Francisco, New York, London, Sydney, India, Singapore and Luxembourg, Ripple has more than 100 customers around the world.

It would be right to say that Bitcoin opened the doors to the technology with its blockchain protocol, but Ripple and other cryptocurrencies that followed are pushing the envelope in what digital currencies can do.

By the way, the mining of Bitcoin requires a great deal of computing power.  That power requires energy (example electricity).  Therefore the process of mining may not be the best for the environment.  Just a thought.

 

Ripple Banking

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