Ripple

<p data-path-to-node="0">Ripple is a financial technology company that operates a global payment network, <b data-path-to-node="0" data-index-in-node="81">RippleNet</b>, and utilizes the native digital asset <b data-path-to-node="0" data-index-in-node="130">XRP</b> on the <b data-path-to-node="0" data-index-in-node="141">XRP Ledger (XRPL)</b> to fundamentally transform cross-border transactions. Unlike Bitcoin, Ripple's primary goal is to work <i data-path-to-node="0" data-index-in-node="262">with</i> financial institutions—such as banks and payment providers—to offer a faster, cheaper, and more efficient alternative to legacy systems like SWIFT.</p> <p data-path-to-node="1">The XRPL uses a unique <b data-path-to-node="1" data-index-in-node="23">Federated Consensus</b> mechanism, allowing it to settle transactions in 3–5 seconds with minimal fees (fractions of a cent), making it highly scalable and energy-efficient. XRP serves as a <b data-path-to-node="1" data-index-in-node="209">"bridge currency"</b> in Ripple’s On-Demand Liquidity (ODL) service, enabling instant conversion between two different fiat currencies without the need for pre-funded Nostro/Vostro accounts, thus unlocking trapped capital.</p>

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