(XRP) - Beginners Guide | Cyber Lion Weekly

What is XRP?

The company, Ripple created the XRP token which is a centralized payment token that focuses on reducing the friction of global liquidity in markets. Currently, the methods used for global transactions are very slow often taking hours or days at a time before the funds settle and can be picked up by the recipient. XRP is a digital asset that offers on-demand liquidity, in real time, allowing transactions to settle within seconds. Ripple hopes to remove the problems seen in the outdated systems we use today with XRP. For example, if you are in the U.S and need to send money to Japan it would take days if you used the methods in place today. Literally, the fastest way to move money today is to take it out of your bank and physically fly it there (It’s impractical yes, but it’s no joke). With XRP, you send your money and have it picked up by the recipient within a matter of seconds. Because the transaction time is so low, between 3–5 seconds, the risk of price volatility is mitigated.

XRP Partners

Currently, Ripple has a massive list of partners. MoneyGram, Western Union, American Express are just a few currently piloting programs. Many other banks have signed up with Ripple that range around the globe from Japan, India, Canada, Mexico, South America, and Australia.

XRP Investors

  • GV: Formerly Google Ventures, is the venture capital investment arms of Alphabet inc. and provides seed, venture, and growth funding to technology companies.
  • Seagate: The American data storage company, they were the first to develop the 5.25 inch HDD in 1980.
  • Standard Chartered: A British multinational banking and financial services company. It operates with a network of more than 1,200 branches and outlets across more than 70 countries.
  • CME Ventures: The venture capital arm of the American financial market company that operates an options exchange. It also owns and operates large derivatives and futures exchanges in Chicago, New York, and exchange facilities in London, using online trading. Furthermore, it owns the Dow Jones Stock and financial indexes, and CME clearing services.

Ripple Payment Systems: xRapid, xCurrent, and xVia.

Ripple currently has 3 systems to use xRapid, xCurrent, and xVia. There is a negative outlook by some towards XRP because most of their partners are not currently using the service that makes use of the XRP token. However, this is actually a great business strategy for Ripple. By allowing banks to sign up and use their blockchain technology called xCurrent. The banks can test and use these systems. As they begin to understand, adopt, and implement blockchain technology the door opens for XRP. As stated in the first pilot results from xRapid:

“For payments in the critical remittance corridor between the U.S. and Mexico, financial institutions using xRapid saw a savings of 40–70 percent. An average xRapid payment took just over two minutes, compared to today’s average of two to three days when sending cross-border payments.”

Adoption and trust in blockchain technology with banking institutions, once established, will give Ripple the opportunity to use show banks that xRapid offers more benefits than the xCurrent system alone.


xRapid uniquely uses a digital asset, XRP, to offer on-demand liquidity, which dramatically lowers costs while enabling real-time payments in emerging markets. Built for enterprise use, XRP offers banks and payment providers a highly efficient, scalable, reliable liquidity option to service cross-border payments.


Via is for corporates, payment providers and banks who want to send payments across various networks using a standard interface. xVia’s simple API requires no software installation and enables users to seamlessly send payments globally with transparency into the payment status and with rich information, like invoices, attached.

xCurrent (Video)

xSpring — New (5/14/18)

The newest initiative from Ripple is, Xpring (pronounced Spring). It is a new initiative that Ripple will use to invest in, incubate, acquire, and provide grants to companies and project run by proven entrepreneurs. By opening this opportunity, every entrepreneur will be able to use the digital asset XRP and the XRP Ledger.

The new Xpring initiative will need a great team and that’s why Ripple has brought in, Ethan Beard as Senior Vice President to lead Xpring and the Ripple developer program. Ethan previously worked in advisory roles at several tech companies, and before that, he served as Director of the Facebook Developer network from 2009–2012. During that time he oversaw the worldwide developer relations, operations, and product marketing for the Facebook API.

XRP Ledger System

The XRP Ledger (A.K.A Ripple Consensus Ledger) was created in 2012, as a trust-based alternative to the PoW consensus used by Bitcoin. So far, most of that trust has relied upon validators owned and controlled by Ripple, the company. At their inception, Ripple chose to be the most trusted validator operator in the network during the initial development stages of the XRP Ledger. This decision was a trade-off to first prioritize the XRP Ledgers security and scalability before transitioning to a decentralized system.

Since it was created, the XRP Ledger has closed over 33 million ledgers, processed over 600 million transactions amounting to more than $15 billion in transaction volume, with no major issues or network forks. At present, the XRP Ledger can natively scale to 1,500 TPS (transactions-per-second). With Payment Channels, XRP can theoretically scale to tens of thousands of TPS — throughput levels comparable to VISA. With the security, stability, and throughput of the XRP Ledger thoroughly proven, Ripple believes the next critical step in their strategy is decentralization while continuing improvement in all aspects of the XRP Ledger software.

Ripple Decentralization Strategy

Phase one of XRPs decentralization strategy includes the diversification of validators by identity, location, hardware, and software, in an efforts to further mitigate the risk of a single point failure. With as many as 70 validator nodes running globally as of October 2017. In preparation for phase two, Ripple will be adding 16 more trusted validators. During phase two for every two of the most reliable, reputable, stable, secure, and attested validators added to the recommended list of trusted nodes, one validator node controlled by Ripple will be removed. Until no entity operates a majority of recommended trust nodes on the XRP Ledger software.


Ripple is committed to decentralizing the XRP ledger and separating itself of the operational control. This multi-phase approach accomplishes just that but is intentionally conservative with the goal of ensuring the reliability and stability of the network during it’s transition to a fully decentralized architecture.

Website: Click to see website
Whitepaper: Click to see WhitePaper

Investing in cryptocurrencies and Initial Coin Offerings or ICO’s is a highly risky as well as speculative financial maneuver. This article is not a recommendation by Cyber Lion Weekly or the author to invest in cryptocurrencies or ICO’s. Since each individual’s situation is unique, a qualified professional should always be consulted before making any financial decisions. Cyber Lion Weekly makes no representations or warranties as to the accuracy or timelines of the information contained herein.

This Research Report was originally published at Cyber Lion Weekly