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The Ripple Effect on Cryptocurrency

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April 2018 https://www.youtube.com/channel/UCjT-LshuBMr0-X3Kx-FhhnA http://digitalstrategies.tuck.dartmouth.edu/btis/ripple-effect-cryptocurrency/ Today the world sends more than $155 trillion across borders. Yet, the underlying infrastructure is dated and flawed. Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network created by the Ripple company. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source internet protocol, consensus ledger and native cryptocurrency abbreviated as XRP (ripples). Released in 2012, Ripple purports to enable “secure, instantly and nearly free global financial transactions of any size with no chargebacks.” It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. At its core, Ripple is based around a shared and public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process. The network can operate without the Ripple company. Among its validators are companies, internet service providers, and the Massachusetts Institute of Technology. Used by companies such as UniCredit, UBS and Santander, Ripple has been increasingly adopted by banks and payment networks as settlement infrastructure technology, with American Banker explaining that “from banks’ perspective, distributed ledgers like the Ripple system have a number of advantages over cryptocurrencies like bitcoin.
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Text Comments (21)
Jerry Hall (2 months ago)
Bank, once again you find us a video that brings light to another great Ripple team member - TY
Jack Trippler (2 months ago)
40:59 “the list of customers I showed at the start, the Ubers and AirBnBs...” is he saying Uber and Airbnb are already customers?
Annaliz George (2 months ago)
Thanks for the update bankXRP 👏❤️
DudeguyGaming (2 months ago)
He stated in the xRapid slide that banks hold XRP as a source of liquidity , is this correct? I thought it banks wouldn't hold XRP and just use liquidity providers / market makers? around 32:30 time.
Jack Trippler (2 months ago)
DudeguyGaming they have the option of either holding xrp, or dealing with market makers on-demand to source xrp for the duration of a transaction.
Family First (2 months ago)
Thanks bankxrp
Ryan Robinson (2 months ago)
It blows my mind you have the deepest material the most rare info..... everyone uses your content that you provide BUT you only have 3,300 subscribers !!!!!
Chris Cangson (2 months ago)
Ryan Robinson is
BankXRP (2 months ago)
All Long as it gets Out. Thats what Counts
Roy Dopson (2 months ago)
Kinda the exact opposite of https://www.youtube.com/watch?v=21kGmCsJ5ZM Speaks well of the project.
Pete Milliet (2 months ago)
Yep Liquidity is the key for XRP....Have a high price for XRP, then less XRP you have to move.....Then us Hodlers become very happy
Maurice St.Pierre (2 months ago)
Pete Milliet Pete you are correct sir..... Xrp has to appreciate to handle the spread in order to decrease the rate of burn.... Most people in the world as well in the crypto space just have no idea of the value of the global economy and how any technology that will renovate the payment processing mandate will go up in value considerably.
Ralph Raymond (2 months ago)
Brilliant speaker!
trexia (2 months ago)
The moment #crypto trading at #SBI JAPAN GOES LIVE with $XRP next month... this is the MAJOR DECOUPLING of $XRP with #bitcoin... we will be watching this development
ManagerMr (2 months ago)
Ripple/xrp is going to be a global financial Juggernaut
79qwertz (2 months ago)
Good professional talk, did not know that the vehicle manufacturer Audi talked with Ripple about future technology .... nice. Big things await us
Kangen Water Health (2 months ago)
Great insight into where ripple is at and the expected timeline for going into production.
Craig Brien (2 months ago)
XRP is the FUTURE!
Joncrypto82 Singapore (2 months ago)
Ripple from BG down have the dream team Good stuff again thanks See you on the beaches of the world
My Channel (2 months ago)
X R P
Yamuel Black (2 months ago)
Good information: go XRP

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