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.