Following are some important things that we need to remember while working with Ripple:
- Ripple solves the previous inefficiencies through RippleNet. It uses blockchain technologies for reliable, efficient, and secure payments. Banks can integrate RippleNet into their system to make global payments efficient.
- xCurrent is a software that sits between banks and RippleNet. It transforms traditional payment messaging formats into standard messages that are recognized by other users in RippleNet.
- 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.
- Ripple account holders can set deposit authorization on their accounts. This configuration will disable the account from receiving the regular payments. Now, the account will be able...
