Ripple: A Protocol for Fast, Secure, and Near-Free Global Transactions

Ripple (XRP) is the native currency of the Ripple network, which has been described as a system to connect banks, payment providers, digital asset exchanges, and corporates via RippleNet to provide one frictionless experience to send money globally.  The ultimate goal of Ripple is to facilitate secure, instant, and nearly free global financial transactions of any size with no chargebacks. A brief history of payment protocols It’s interesting to note that each of these three projects-Litecoin, Ripple, and Stellar-is trying to improve upon one major failure of bitcoin. For example,…

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