A Review on Ripple, a Financial Intermediary Coin
Abstract
Given that Ripple is currently one of the most well-known and widely-used cryptocurrencies, second only
to Bitcoin, it is thought to be advantageous to study its brief history. The Ripple system enables reduced
transaction costs for cross-border payment transactions, new banking services and products for users, and
new liquidity corridors for liquidity providers. Ripple is a real-time reconciliation system, a platform for
foreign exchange, and a decentralized remittance network. It allows for big, consistent payments.
Additionally, Ripple acts as a technology foundation that enables existing payment networks to
communicate with one another and accept international real-time payments. Understanding laws in relation
to Ripple and cryptocurrencies is crucial because of the relevance of Ripple.
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