Ripple is a real-time gross settlement system that also supports fiat currency, cryptocurrency, and commodity exchanges and remittances.
Could this be the ultimate cryptocurrency to revolutionize our daily money transfer?
Ripple lightning-fast gross settlement system, currency exchange, and remittance network are created by Ripple Labs Inc., a US-based technology company. Released in 2012, Ripple is built upon a distributed open-source protocol and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes.
RippleNet runs one of the most advanced technology, instead of using blockchain mining concept; it uses distributed consensus mechanism to validate transactions through a network of servers. It is scalable, secure and interoperates with different networks and best part it is lightning fast.

There were 100 billion XRP created at Ripple's inception, which is the currency’s cap according to the protocol's rules. Of the 100 billion created, 20 billion XRP were retained by the creators and the remaining 80% of the total were given to Ripple Labs for sale.
Currently, Ripplenet offers three different services.
1- xRapid
2- xCurrent
3- xVia

xRapid:
This is the main service that XRP investors are very excited about because it uses XRP token as a bridge currency for cross border payments. The payments using this method are very liquid, instant and inexpensive

xCurrent
xCurrent is a blockchain integration that does not have to always use XRP token, it can use any other currency or asset as well.
As Brad Garlinghouse, CEO ripple explains: xCurrent is the flagship product, that solves the messaging and settles problem that exists in the financial system today.
So this is something catered towards, the banks or big institutions that enable them to do real-time settlement and messaging using fiat to fiat transactions.
Compared to xRapid Brad explains: xRapid is a system using xrp that Solves the liquidity problem.
In Simple terms, xCurrent is the system or the road as you speak while xRapid would be the cars that would utilize it.

xVia
xVia is an api integration, a software solution developed by Ripple labs that allow institutions and businesses to easily send payments.
We hope this explains fully all of the Ripplelab products and clears any confusing.

Now let us go back to talking about what ripple is, as a whole.
Ripple has been adopted by banks and payment networks as settlement infrastructure technology. Ripple relies on a common shared ledger, which is a distributed database storing information about all Ripple accounts. The network is "managed by a network of independent validating servers that constantly compare their transaction records." Servers could belong to anyone, including banks or market makers. Ripple validates accounts and balances instantly for payment transmission and delivers payment notification with very little latency (within a few seconds). Payments are irreversible, and there are no chargebacks.
Ripple Labs continued as the primary contributors of code to the consensus verification system behind Ripple, which can ‘integrate with banks’ existing networks. Since 2013, the protocol has been adopted by an increasing number of financial institutions to offer an alternative remittance option" to consumers. By December 2014 Ripple Labs began working with global payments service Earthport, combining Ripple's software with Earthport's payment services system. The partnership marked the first network usage of the Ripple protocol.On December 29, 2017, XRP briefly became the second-largest cryptocurrency, with a market capitalization of US$73 billion.
XRP plays an important security service within the network. Every transaction destroys a tiny amount of cryptocurrency as a transaction commission. This security cost is insignificant to any normal user - even extremely high-volume users will lose, at most, the equivalent of a few pennies. However abusive users who attempt to spam the network with excessive transactions will soon run out of XRP and be forced to stop.

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