FinHawk

Brief on Ripple and XRP Ripple is a company that enables cross border payments and remittances. RippleNet is a payments network they provide which is based on blockchain. A much highlighted and valuable feature is on demand liquidity.  Large banks would traditionally rely on, what are called, nostro accounts to hold foreign currencies as this helps mitigate currency price fluctuations during international transactions. Smaller banks typically depend on larger banks to provide them with this liquidity in lieu of high fees, which are eventually borne by the end customer. Ripple's XRapid is designed specifically for the smaller and medium sized banks and uses XRP as, what is called, a bridge currency. This can help reduce between 40-70% transaction costs, and also massively decreases the time per transaction from days to seconds. Another Ripple product, though not tied to XRP, is xCurrent, which provides a systems that is secure and reliable. It offers out of the box interoperability...