Fintech

Ripple Case Study

Group 7
Ashwini Rahangdale 0034/58
Dev Setia 0087/58
Jahnavi Potdar 0107/58
Kashikar Advait Sandeep 0138/58
S Somasekharan 0153/58
Shivangi Agarwal 0285/58
Company Overview

• A basic enterprise software firm whose product

is basically selling on preposition of a new way
to transfer the funds
• Basically, a cryptocurrency, named XRP which
allows the transfer of funds
• Had a good customer base and 300+ employees
across many countries
• More than a couple of hundred customers in
40+ countries across the world
 Company History

• Instead of the mining method employed by bitcoin, Jed

2011 McCaleb began designing a virtual currency system in
which transactions were confirmed by consensus
among network users.
• OpenCoin was founded by Chris Larsen and Jed
2012 McCaleb. OpenCoin launches the ripple protocol
(RTXP) and the Ripple payment and exchange
network.
• The company was renames as Ripple & announced that
2013
it has completed a fund raising round with various
venuturists

Competitors
Digicoins created by
banks
Jed McCaleb established the Stellar Development Foundation (SDF), a non-
ANT FINANCIALS
Social Networks entering the
Cross-border payment space
Main Competition
SWIFT
A liquidity provider, the firm is not into actual fund
transfers but solves the problem of the communication
part that is faced in funds transfers
Other Competitors
ALTCOINS
profit organisation that developed a blockchain for low-cost payments. Its
objective was to increase global financial inclusion, literacy, and access.
Stellar Lumens (XLM), SDF's native cryptocurrency, permitted
transactions in under five seconds and had a throughput of 1,000
transactions/ second
The Technology used - XRP

• Facilitates low lost & quick transactions

• Enables businesses, Govt, financial institutions to manage, tokenize and transfer value
through technology of blockchain
• Main advantage is that it is pre-mined & less complicated when compared with Bitcoin
• To authenticate transactions, the Ripple network employs a novel distributed consensus
process in which participating nodes conduct a poll to verify the authenticity of a
transaction
• This enables the firm to do almost real time verification without the need of any central
authority
 Why XRP over Bitcoin
BITCOIN
• There is no centralised management of
Bitcoin, no customer service, and no
password recovery option.
• To join the network, users must first install
the Bitcoin open source software on their
PC. The computer would connect to the rest
of the network's nodes and download the
most recent Bitcoin blockchain.
VS XRP
• To process transactions, XRP was using a consensus
network of validators. Different from Bitcoin mining,
which was won by a single node, the whole XRP
consensus network was involved in updating the ledger.
• Hackers would have to seize control of the majority of
nodes on the consensus network at the same time.
Given the dispersal of over 100 nodes across diverse
organisations and geographical areas, this would be an
enormous problem.
 ROAD AHEAD FOR RIPPLE!
• Diversification in the related field along with
some other financial products that can
compliment the current one

• Developing & improving the current XRP

system like BITCOIN did with their products
by investing heavily in the current system

• Staying concentrated on the current ecosystem of

cross border payments that they are currently in
THANKYOU!