Ripple is an Internet-based real-time gross settlement or RTGS system that is aiming to revolutionize the world’s payment systems. The Ripple platform includes an open-source distributed Internet protocol, consensus ledger, and a native cryptocurrency called XRP. The most interesting thing that makes Ripple stand out apart is that it is more than just a cryptocurrency.

The platform offers businesses of all kinds and sizes the ability to quickly and cost-effectively process transactions across borders in real time using smart remittance technologies. Most reports presented Ripple, which uses blockchain technology, as a solution for multiple sectors, from governance, finance, health care, and most importantly, the financial systems, among others.

In case you didn’t know the difference, Ripple is a technology platform that focuses on providing real-time payment settlements and currency exchange services to financial institutions such as banks and payment processors. On the other hand, XRP is a token used for representing the transfer of value across the Ripple Network. The main purpose of XRP is to be a mediator for other - both cryptocurrencies and fiat - exchanges. The best way to describe XRP is a ‘Joker’. Not the movie character, but the card that can be any other card. If you want to exchange dollars to euro, it can be dollar with dollars and euro with euros to minimize the commission.