What is Ripple?
Ripple is a real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc., a technology company based in the United States. Released in 2012, Ripple enables secure, instant, and nearly free global financial transactions of any size with no chargebacks.
Key Features
- Low transaction fees
- Fast transaction speeds
- Scalability
- Cross-border payments
Ripple's XRP Ledger is open-source and is not based on a blockchain, but rather a distributed consensus ledger using a unique algorithm.
