Ripple is a popular name in the tech industry. And Ripple blockchain has created a lot of buzzes. We all know how blockchain is transforming the industry as we know it. But what is Ripple a blockchain technology? What is it, and how does it work? What is Ripple? Ripple is both a platform and a currency. Meaning, it is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. The Ripple platform is an open-source protocol that is designed to allow fast and cheap transactions. It’s a product of Ripple Labs and is gaining popularity because of its innovative method of performing currency exchange and payment settlements. The cryptocurrency of Ripple is XRP. And this platform has over a hundred organizations as its customers all over the globe. What is Ripple used for · Low commission currency exchange. There are many currencies that can’t be directly converted to each other. So, banks need ...
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