Transforming

Global Finance
Moving money around the world instantly,
seamlessly, and cost-effectively.

Presented by: EFMacaraig, JMFontanilla & NSSHtwe

1
AN INTRODUCTION TO RIPPLE (XRP)

 It was founded by Ryan Fugger in 2004, a software developer in Vancouver, Canada

with an original brand name “Ripplepay”.

 Ripplepay didn't use any blockchain technologies that time, but it had the same purpose
– providing its users with tools to be able to securely transact money around the world.

 In 2012, Fugger sold it to Jed McCaleb, Arthur Britto, and David Schwartz,
who wanted to use it for their future digital currency network
with a new company name “OpenCoin”.
AN INTRODUCTION TO RIPPLE (XRP)

 (2012) David Schwartz, Jed McCaleb, and Arthur Britto launched the XRP Ledger.

With its native currency XRP.

Along with Chris Larsen, they founded the company that is known today as Ripple.

OpenCoin Ripple Labs, Inc. (2013) Ripple (2015)

REQUIREMENT FOR SIGN UP

Most people use the words Ripple and XRP interchangeably, but they are two different things:
 Ripple is the umbrella name for the settlement network and cross-border transfer system
created by Ripple Labs, Inc for banks and financial middlemen dealing across currencies.
(built for Business & Institutions)
For Business & Institution they can simply register in ripple.com website.
 REQUIREMENT FOR SIGN UP

Most people use the words Ripple and XRP interchangeably, but they are two different things:
 Ripple is the umbrella name for the settlement network and cross-border transfer system
created by Ripple Labs, Inc. for banks and financial middlemen dealing across currencies.
(built for Business & Institutions)
For Business & Institution they can simply register in ripple.com website.
 XRP is a cryptocurrency running on XRP Ledger. A token which is used on the
Ripple network to facilitate transfers of money between different currencies.
Like any cryptocurrencies(Bitcoin, Ethereum), anyone can use XRP by simply creating a wallet.
Individual/Investor can store or trade (buy, sell & hold) XRP in :
• Any cryptocurrency exchanges and investing platform like Binance, Coinbase and more.
• Any crypto wallet like trustwallet.com, coins.ph(Local) and more.
How to buy XRP in
How Ripple works?

The mission of ripple’s blockchain infrastructure is to provide banks with quick, low-cost and
simple cross-border transactions. A viable alternative to the current international payments
system used by most banks which is the SWIFT (Society for Worldwide Interbank Fin. Telecom).
Enable the world to move money like information moves today.
How XRP Ledger works?

XRP Ledger is a decentralized public blockchain built with the purpose to enable a world
were tokenized value is exchanged as quickly as information.
It can support more than 1,500 transactions per second & transaction speed of 3-5 seconds.
The average transaction cost of the XRPL is less than a fraction of a cent ($0.00001).
Unlike most other blockchains, the XRP Ledger does not need mining, so no energy is wasted
in the transaction process. It is the first major blockchain to be certifiably carbon neutral.

XRP Ledger don’t use proof of work, instead it uses a consensus protocol in which
designated servers called validators come to an agreement on the order and outcome
of XRP transactions every 3-5 seconds. Anyone can operate a validator; currently,
over 150 validators are active on the ledger

The consensus protocol ensures the blockchain becomes more decentralized over time
as the validator pool grows.
How XRP works?

XRP is a digital asset native to the XRP Ledger. Anyone with a digital wallet and an
internet connection can receive, hold, and send XRP tokens. Users can use
XRP to send global payments, transact on the XRPL decentralized exchange (DEX),
and purchase NFTs.

Any user can set up an XRP wallet from various wallet providers to begin transacting.
You can send and receive XRP to or from anywhere in the world in just a few seconds.
Senders of XRP pay a negligible transaction fee of under a penny,
making it an affordable solution for users.

XRP currently has 45 billion tokens in circulation, while its total supply counts to 100 billion.
Ripple Labs initially owned 55 billion XRP tokens, with the ability to sell 1 billion per month.
 A Snapshot of Ripple Customers

… and a consortium of +60 Japanese

banks
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality.
Provided information may be disclosed, reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 14
References

https://ripple.com/xrp/

https://xrpl.org/xrp-ledger-overview.html

https://cointelegraph.com/altcoins-for-beginners/
ripplenet-a-beginners-guide-to-the-decentralized-network-of-banks

https://www.forbes.com/advisor/investing/cryptocurrency/what-is-ripple-xrp/

https://kriptomat.io/cryptocurrencies/xrp/what-is-xrp/