Since Ripple uses blockchain technology, it allows applications beyond transferring money from point to point. Let's have a look at such applications.
Advanced payment applications
Cross-currency payments
At the beginning of this chapter, we saw how ripple enables currency exchange through banks. However, Ripple has built-in exchange features that allow traders to create offers to exchange currencies. This enables people to send cross-currency payments through the Ripple network.
How does it work?
In the first chapter, we learned that Ripple allows you to exchange...