Digital ripple money

Ripple, based in San Francisco, reported that Ripple executives are now billionaires.

For information that Ripple was launched in 2012, where to facilitate global financial transactions. This makes a difference compared to other digital currency platforms connected by legitimate banks. Because the companies that use the Ripple platform include Santander (SANPRA), Bank of America (BAC), and UBS (UBS)

Nevertheless, in recent weeks, financial services companies in Japan and South Korea have adopted Ripple technology, which is to help increase krypton prices in their countries.

According to the Head of Research at Blockchain Momentum Investment Company, Stephen Powaga that the furor of some crypto has relatively low transaction costs, as well as making bitcoin popular when people start looking for alternatives to bitcoin. "Unlike Bitcoin, ripples are not made or mined," he said. It created 100 billion coins of excitement at first, and 38 billion of which are currently in circulation. However, ripple management can release up to 1 billion coins per month, which is predicted by Powaga to exceed the target of the market.

"It's a bit pertinent to me because if they choose to release them as quickly as possible, in a little over four years, you'll see more than double the ripple roar," he said. "It can suppress the price. I am not sure that some new market players fully appreciate the potential of inflation, "Powaga continued.

Meanwhile, Powaga added, cross-border payments that can take hours with bitcoin, even days with traditional financial transactions can be done in seconds with ripples. Like Bitcoin, RippleNet also uses Blockchain technology.

For information that the Blockchain is a large tribe that contains transaction data from anyone who uses this service. Transactions are added to the "blocks", or code links that make up the chain, as well as each transaction must be recorded within the block.