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Ripple is more known for its digital payment protocol than its cryptocurrency, XRP. Ripple operates on an open source and peer-to-peer decentralized platform that allows for a seamless transfer of money in any form, whether USD, Yen, litecoin, or bitcoin. Ripple keeps track of all IOUs in a given currency for any user or gateway. IOU credits and transaction flows that occur between Ripple wallets are publicly available on the Ripple consensus ledger. But even though financial transaction history is publicly recorded and made available on the block chain, the data is not linked to the ID or account of any individual or business. However, the public record of all dealings, make the information susceptible to de-anonymization measures. Ripple improves on some of the drawbacks attributed to traditional banks. Transactions are settled within seconds on the Ripple network even though the platform handles millions of transactions frequently. This is unlike banks which could take days or weeks to complete a wire transfer. The fee to conduct transactions on Ripple is also minimal, with the minimum transaction cost required for a standard transaction set at 0.00001 XRP, compared to the large fees charged by banks for conducting cross-border payments. Welcome to Reddit, the front page of the internet. and subscribe to one of thousands of communities. 2 years account age. 50 - 80 comment karma. This should explain a lot to people who are asking about the drop. REDDIT and the ALIEN Logo are registered trademarks of reddit inc. XRP Bitcoin Superstore.