What are Central Bank Digital Currencies
Ripple Introduction Ripple (XRP) is the currency that runs on a digital payment platform called RippleNet. It is also the company behind xRapid, xCurrent and XRP Solutions, which is on top of a distributed ledger database which is called XRP Ledger. The XRP Ledger is open source and is not based on blockchain, but rather the previously mentioned distributed ledger database. The RippleNet payment platform is a real-time gross settlement (RTGS) system that aims to enable instant monetary transactions globally. While XRP is the cryptocurrency native to the XRP Ledger Who Is the Founder of Ripple The idea behind the Ripple payment platform was first voiced in 2004 by Ryan Fugger. In yeah 2012 Jed McCaleb and Chris Larson took over the project and built Ripple (at the time, it was also called OpenCoin). The goal was to capitalize on the financial relations between network participants to eliminate the need for banks. This concept would later serve as the cornerstone of the crypt...