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Ripple Review: 10 Reasons That Give It Value In 2017

  • 20 September 2017
  • Dylan Dedi

Go onto Ripple’s website and you’ll feel like you’re on a working in an office on Wallet Street, sometime in the near future, pursuing a banking option for your next billion dollar transfer. Ripple is the banker’s choice, already working in the real world with banks all over the globe to help with a multitude of things. Offering transfers made in XRP and fiat, Ripple boasts being able to move money as fast and easy as we move information. Speed and real-world adaptability are what brought Ripple into one of the top five largest market capitalizations. Here’s some information that makes us love Ripple.

1. Speed

Bitcoin, one of the slowest transactions speeds in crypto history (and the main reason for the Bitcoin Cash fork), averages 2-3 transactions per second. Ethereum comes in with about 15 per second/ Ripple comes in with 1500 transactions/second, competing with the almighty Visa, which can handle 1,667 transactions per second. This makes Ripple the fastest coin on the market. It is worth saying that NEO can handle up to 10,000 transactions per second, but NEO is a share, not a coin.

2. Bringing the payment systems to the present day

Ripple looks at the payment systems of Paypal and Mastercard as rather archaic and outdated at this point. With huge fees, long processing times and tangled connections, the blockchain in Ripple could offer transparent transactions at scalable volumes in a matter of minutes. Ripple is by far the most advanced blockchain network addressing payment solutions between banks.

3. Solutions

Ripple offers three solutions in their strategies to become the Bank’s number one user: Process Payments (xCurrent), Source Liquidity (xRapid), and Send Payments (xVia). These three solutions can help to process trillions of dollars in multiple ways, to make the banks (and bank users) most dependent on the Ripple ecosystem.

4. xRapid

Have you ever tried to make an exchange to a foreign country? If yes, you must have realized the limitations of it. Even small transactions have so many hidden fees and can take a long time being processed by intermediates.

Ripple – xRapid

In the case of big transactions with emerging economies, the obstacles can be even bigger. Often it is necessary to have previous bank accounts in the local currency to be able to handle big amounts or investments. xRapid is still not available but is coming with the promises to make liquidity drastically lower. xRapid is going to work as an extension app for banks, business and people. For example, if I am in Brazil and want to send money to someone in America, I will go into my ripple app (that is connected to my bank) and send the money directly to my friend in America (who also has ripple connected to his bank). Therefore, all the transactions are encrypted in the blockchain and accessed in a matter of seconds.

5. xVia

xVia will be a seamless interface that with help corporate and payment institutions send payments over the Ripple network. Its interface will be easily readable and attach pieces of information, such as invoices and payment data. Other features such as payment tracking and capital efficiency will be included in the interface. xVia is still under construction but will be available soon.

6. xCurrent

xCurrent makes the confirmation of the transaction start on the payment details instead of only confirming delivery once it settles. Banks have real-time interactions secured by a rulebook to assure the legal clarity of every transaction.

Ripple – xCurrent

This payment process helps to easily settle cross-border payments in with end to end tracking. It is currently the only functioning process of the three and accepts fiat payments to be processed as well.

7. Ripple Pay

Interestingly, the concept of Ripple was around before Bitcoin was even thought up. This site still exists today and was made back in 2004 to be used to interchange credit between users. Because the technology still wasn’t there, the project was put on hold until Bitcoin came into existence and created the idea of the blockchain. Check out the website here.

8. Fiat functionality

While many blockchain institutions aim to wipe out fiat currency, Ripple works to be the bridge between digital and fiat. Ripple has fiat conversions on over 10 digital currency exchanges to quickly convert to the local dollar in any given country.

9. Not minable

Every single XRP (Ripple) has already been created. Therefore, it cannot be mined. Mining, to Ripple, is seen as a waste of electricity and resources, and would rather take another approach than Proof of Work. Ripple currently owns 61% of Ripple and will use this money to further Ripple’s development.

10. The Future


Being that Ripple is already being used by banks like Santander, UniCredit, Standard Charted, Axis Bank, CIBC, and many more, it’s clear that Ripple will be the financial blockchain solution and model of the future. Ripple is sitting on over $16 billion in Ripple to use towards development, which will make traditional payment institutions turn heads and prepare and let in another competitor.

About Dylan Dedi