Ripple Announcement Today
Ripple Transaction System
To complete all transactions, Ripple XRP is the cryptocurrency that is used for this in the RippleNet system. This cryptocurrency was designed to reduce the cost and time associated with making transactions in over the world. To complete a transaction, it takes a matter of four seconds for the RippleNet system. When you compare, it's clear to see that why the Ripple is all the rage online, because with the two minutes it takes to transfer Ethereum, the 60 minutes it takes to send Bitcoin and the five-day wait it can take to send currency through traditional banking systems. To pay for goods and services, XRP was never created to be used for this, unlike Bitcoin. The Ripple Net system was not designed to pose a threat to the Bitcoin ecosystem, and it is a competitor to legacy banking systems such as SWIFT.