Ripple (XRP)
Ripple is the third largest cryptocurency by market capital. It is specifically designed for financial institutions and payment providers. It acts as a bridge between fiat currencies to transfer value across borders quickly and efficiently.
Ripple is faster and cheaper than other digital currencies and also the conventional cross-border payments method. Today, it takes about 3 to 5 days to send money from one country to another through a bank, which usually involves high fees and the risk of the payment being delayed. Ripple is part of a solution that fixes all these shortcomings, with an average settlement time of 4 seconds, at a fraction of the cost.
Now, more than 100 financial institutions - across banks, payments providers and more - use the power of Ripple's blockchain technology to provide a global payments experience that delivers instant, certain, low-cost global payments to their customers.
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Ripple