As early as 2013, banks turned to Ripple in order to widen their services portfolio for customers and offer “alternative remittance options”. While Ripple may be a cryptocurrency and its huge market capitalization shows interest from investors, it is really the banking industry that is benefitting from Ripple as a technology. Chris Larsen is the current CEO of Ripple Labs Corporation.

So, essentially, Ripple allowed a bridge for any type of currency to be exchanged for bitcoin. What this innovation helped Ripple do is that all Ripple users were able to pay in any type of currency to a bitcoin address. In 2013, Ripple linked with bitcoin, and the Bitcoin Bridge was born. OpenCoin saw huge success in its development, especially when the venture capital companies that supported it were Google Ventures and Andreessen Horowitz. Again, the idea of the new digital asset was to enable banks and different financial institutions to transact in a quicker and cheaper manner, without sacrificing security. It was about that time when Ripple, the cryptocurrency, was created. Also, there were almost no fees and the tranasactions happened very quickly. The special feature of the protocol was that it could work with many currencies, such as gold, Indian rupees, US dollars, euros and even airline miles, according to Wikipedia. The OpenCoin Corporation began developing Ripple as a totally new payment protocol, one that could realize a fast and direct money transfer between any two parties around the world. Ripple in 2012-2013 (OpenCoin and Ripple Labs) Once on the “throne”, Fugger and McCaleb created OpenCoin Corporation. The team convinced Fugger of the new idea of cryptocurrency and Fugger stepped out. Right afterwards, the founder of Ripple, Ryan Fugger, was approached by Chris Larsen, the current CEO of Ripple, the company, together with McCaleb. In such sense, Ripple aimed to reduce electricity used for mining and transactions, provide better and faster experience for users. With this in mind, the new payment system was designed on improving bitcoin as a currency. As opposed to bitcoin, Ripple “valued” the consensus among members in its own network instead of relying on ledgers. Later on, Arthur Britto and David Schwartz began developing a new digital currency where all transactions were made valid once all members in the network agreed on it. In 2005, the very first “draft” of Ripple was released, the famous, which allowed people around the world to have secure payment and trades. Four years before Bitcoin, the first version of Ripple was thought of as an alternative way for people to create and exchange their money. According to sources, its history dates back to 2004, with Rippleplay, which was developed by a web developer in British Columbia. Ripple may be one of the earliest payment protocols to have existed. Ripple is a real-time gross settlement system or RTGS, a remittance network and also a currency exchange system. First, many confuse Ripple (the company) with Ripple (XRP, the cryptocurrency). Ripple can actually refer to a number of things. Ripple is currently the third largest cryptocurrency by market cap ($10.1bn, according to Coinmarketcap).

Essence: Second and third largest cryptocurrencies.

Ripple vs Ethereum – disadvantages of each coin.

Ripple vs Ethereum – advantages of each coin.

In order to do this, the article will look into the following sections:

This article will look at the “Ripple vs Ethereum” argument to see if the two can be compared and to what extent. They both have their own unique value propositions which have enticed investors and have increased their popularity. Both cryptocurrencies have seen significant price fluctuations over the past 12 months.

Ripple crypto compare