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Ripple Quick Start Guide

You're reading from   Ripple Quick Start Guide Get started with XRP and develop applications on Ripple's blockchain

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Product type Paperback
Published in Dec 2018
Publisher Packt
ISBN-13 9781789532197
Length 160 pages
Edition 1st Edition
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Author (1):
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Febin John James Febin John James
Author Profile Icon Febin John James
Febin John James
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Toc

Advanced payment applications

Since Ripple uses blockchain technology, it allows applications beyond transferring money from point to point. Let's have a look at such 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...

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