Basic Ripple Explanation

7 points by atticusberg 8 years ago | 1 comment

TLDR: The Ripple platform is intended for use by large financial institutions to facilitate the exchange of one asset for another (e.g. USD for EUR or gold buillon for XRP). XRP's primary use is as a bridge currency and it can facilitate conversions like USD -> XRP -> EUR or gold -> XRP -> JPY.

atticusberg 8 years ago |

TLDR: The Ripple platform is intended for use by large financial institutions to facilitate the exchange of one asset for another (e.g. USD for EUR or gold buillon for XRP). XRP's primary use is as a bridge currency and it can facilitate conversions like USD -> XRP -> EUR or gold -> XRP -> JPY.