[cryptocurrency series] Ripple

There are over 1,600 cryptocurrencies in the market, which dazzles investors. Coinsnetwork will introduce the top 20 cryptocurrencies in the market with the highest market value, so that everyone can understand the assets of this new era.

Leading founders: Arthur Britto, David Schwartz, Ryan Fugger

Founded: The first version released by Fugger in 2004, released by OpenCoin in 2012

Issuance size: the upper limit is 100 billion

Introduction:

Ripple (XPR), the third largest cryptocurrency at the moment, whose market value is chasing after Bitcoins and Ethereum. It is seen as a new model for transfer and cross-border payment to reduce transaction cost and time.

Ripple provides international payment liquidity for the transaction of bank and other payment service providers. Ripple’s development and operation teams cooperated with different financial institutions like Santander, Standard Chartered Bank, and Western Union, to expand its application.

Ripple is the first open payment network. Users can transfer fiat money such as USD, EUR, and JPY or even Bitcoins. Ripple allows complete transaction in 4 seconds, which is faster than that of Bitcoin, and the operational cost is relatively low. The total amount of Ripple will be go down as transactions increase.