Published
5 years ago on
November 02, 2018
“Ripple Gateways * Banks, card issuers, payment processors and remittance services may use Ripple’s infrastructure behind the scenes without exposing Ripple to their customers. Integrated businesses enable all of their customers to transparently send or receive payments ½â€Ripple infrastructures are developed for payment processing and other transactions to be quicker and cheaper which makes it a better crypto option for those involved with bigger transactions like financial intuitions. The company name is often used in place of the third biggest digital currency XRP, but it is actually just the name of the firm, Ripple Labs which owns around 60 billion of XRP and 55 billion of that are in an escrow account. As said by ZyCrypto: Ripple blockchain technology is different because the currency is not mineable while other currencies like bitcoin are mined.
One can say that Ripple might have much control over their platform and decentralized infrastructure which they designed to suit what they are focused to achieve.RippleNet offers programs or infrastructures used by financial business too which includes a payment processing system for traditional banks known as xRapid and xCurrent which allows institutions to reduce the cost of liquidity whilst using XRP to hold the gap between fiat currency to another. What are your thoughts? Let us know what you think down below in the comments!
