Future Of Ripple

                                  FUTURE OF RIPPLE

                   Ripple is a system of the real time gross settlements which is known as Ripple transaction protocol. It also acts as both a cryptocurrency and a digital payment network for financial transactions. With Ripple Secure, fast, instant and free global financial transactions of any size with no charge backs is possible. The cryptocurrency by ripple is XRP that acts as a bridge currency to other currencies. Ripple is fastest and most scalable Digital Asset in the world. Ripple connects banks and other payment providers to provide the frictionless experience of sending and receiving money without any geographic limit. Ripple is a very popular network as many banks across the world use it as the basis for their own settlement.

Ripple can be sent anywhere around the world:

                   XRP has been accepted by many banks in different countries. This makes it easy for its investors to transfer it in another part of the world within seconds for exchange. You do not need to wait for the specific price to exchange or convert your ripple coin in any other currency.

J and B Exchange

Global Payments Should Be Easy:

                   Too often, global payments are costly, unreliable and slow. The underlying systems are fragmented and complex.

                    RippleNet offers the most advanced blockchain technology for global payments making it easy for financial institution like J and B Exchange to reach a trusted, growing network of 300+ providers across 40+ countries and 
six continents.

Ripple Design and Use Cases:

                Ripple(XRP) is primarily used as a means of payment and liquidity within Ripple’s RippleNet - its global payments and liquidity network. Essentially, XRP functions within a distributed ledger where transactions are processed and settled via gateways to a series of private blockchains.

                       The Ripple Transaction Protocol is the core of the network which enables participating users and entities (i.e., financial institutions) to send and receive XRP (or fiat currencies) with a settlement time of 4 seconds and negligible transaction fees. RippleNet can process roughly 1,500 transactions per second.

J and B Exchange

                   There are currently more than 200 banks and payment providers such as J and B Exchange in the RippleNet ecosystem. RippleNet also enables participants to rapidly exchange fiat currencies and cryptocurrencies, making it an ideal solution for institutions moving large sums that are looking for a quick settlement and low transaction costs. However, within RippleNet, XRP functions more as a liquidity source for the exchange of currencies than a pure cryptocurrency in the sense of Bitcoin.

                  The network is controlled by a set of validators, which makes the network more centralized than a public blockchain such as Bitcoin or Ethereum although Ripple plans on making more strides in decentralizing the protocol.