Ripple is the worlds second-most valuable cryptocurrency, a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol.
On Dec 28 2017 It had already overtaken ethereum before the latter usurped its previous position. This time around, Ripple – which also doubles up as a payment network – has built a substantially higher valuation
Ripple’s growth through the ranks has always been sudden and drastic. Unlike bitcoin and ethereum which has risen on a consistent basis .
Ripple’s payment network is focused on bringing down costs and time required for such transactions. According to Brad Garlinghouse, CEO of Ripple, certain global banks that sit at the top of the banking chain control liquidity in world markets for businesses and retails. This causes delays in clearing payments. “That’s crazy. We live in the age of the Internet and we should be able to move our money in real-time,” Garlinghouse said.