How Ripple WorkssteemCreated with Sketch.

in cryptocurrency •  7 years ago 

Ripple: The Next Big Thing in the World of Cryptocurrencies

11.png

Ripple is classified as a cryptocurrency. It can be used to transfer funds to anyone, anywhere in the world using a global settlement network. Unlike Bitcoin and Ethereum which rely on the computers of just about any average Joe for peer-to-peer transaction confirmations, Ripple works with banks only and offers them a cheaper, safer, secure and less regulated method of sending money around the world. This process makes the existing systems of using SWIFT and other remittance payment systems such as Western Union and Moneygram look like cold war relics. It also eliminates the costly and time consuming currency exchanges that sometimes need to be done when sending money to countries whose currencies are not easily convertible.

Read more at

DQmNuF3L71zzxAyJB7Lk37yBqjBRo2uafTAudFDLzsoRV5L.gif

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

like this post i have got myself some ripple let hope it flys