Coinmonks
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RIPPLE: Old Economy’s Crypto-Future?

Ripple (XRP) is a payment network for banks to make international payments between them more efficient and cost-effective. The project is primarily dedicated to payment transactions between different currencies and tries to make inefficient payment corridors more efficient.

Banks or payment service providers face two problems when conducting transactions across national borders (in different currency areas): On the one hand, liquidity must be available in all currencies involved, and on the other hand, it must be ensured that the payment works.

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Coinmonks is a non-profit Crypto Educational Publication. Follow us on Twitter @coinmonks and Our other project —  https://coincodecap.com , Email  — gaurav@coincodecap.com

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Maximilian Perkmann

Maximilian Perkmann

Blogger, Product Manager, tech and financial enthusiast. Minimalist and climber 🚀

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