Ripple
Ripple is a digital payment protocol and cryptocurrency designed to facilitate fast and low-cost international money transfers. The Ripple network operates on a decentralized open-source protocol, enabling users to send and receive money in any currency while using its native digital asset, XRP, as a bridge currency for transactions. Ripple aims to enhance the efficiency of cross-border payments by minimizing transaction times and costs associated with traditional banking systems. Unlike many cryptocurrencies that are primarily used as investments or speculative assets, Ripple focuses on providing a practical solution for financial institutions and payment providers to streamline their operations and enhance liquidity. Overall, Ripple represents innovation in the financial technology sector with its approach to improving the movement of money worldwide.