The Beginner’s Guide to Ripple

The Beginner’s Guide to Ripple

Ripple is a real-time gross settlement protocol, currency exchange and remittance network. Ripple Labs, the company developing Ripple, seeks to revitalize bank interoperability by providing an interledger infrastructure (xCurrent), a liquidity layer for fiat currencies (XRP-powered xRapid), and an API to access these services (xVia)

Ripple Labs

Before we can understand Ripple, we first need to talk about the company behind it. Originally branded as OpenCoin, Ripple Labs is a software company based in San Francisco.

The idea of a decentralized monetary system came to Ryan Fugger back in 2004. He later built the first iteration of the system, In 2011 Ryan left the project and handed it over to Jed McCaleb and Chris Larsen, who co-founded OpenCoin in 2012. In 2015 the company was renamed to Ripple Labs, Inc.

Ripple Labs has three major projects: xCurrent, xRapid, and xVia, which combined together form the Ripple ecosystem powered by RippleNet, a network of banks and financial institutions. RippleNet nodes establish consensus over the network via Ripple Protocol Consensus Algorithm.


xCurrent allows banks to instantly settle cross-border transactions in highly-liquid fiat pairs like USD/EUR or USD/JPY. xCurrent is built around the Interledger Protocol (ILP), an open, neutral protocol which connects different ledgers and payment systems. xCurrent provides an automated process that ensures all payments are properly tracked and accounted for. xCurrent consists of four components:


The xCurrent messenger is a bidirectional messaging API that lets banks communicate prior to initiating the transaction and exchange essential information such as KYC and risk information, fees, payment details and expected time of funds delivery. If information is missing or incorrect, the parties will not know it in advance.

ILP ledger

ILP ledger is a subledger of each transacting bank’s ledger. It monitors credits, debits and liquidity across the transacting banks to make sure the transaction is possible. ILP ledger provides atomicity to the system, meaning transactions are either settled instantly or not at all. Atomicity removes any settlement risk because the payment either processes entirely or fails upfront.


Validator confirms the success or failure of the transaction using cryptography. Validator coordinates the movement of funds across ILP ledgers, removes all settlement risks and minimizes delays in delivery. Validator provides the single source of truth for the transacting parties while preserving the privacy of their information. A bank can run its own Validator or rely on a Validator run by the transacting counterparty.

FX ticker

FX ticker helps convert fiat currencies in an efficient manner. FX ticker facilitates the exchange of funds between currencies.

'xCurrent helps banks settle transactions in a matter of seconds'

For more information, read the official xCurrent product overview.


… and its asset XRP

xRapid is Ripple’s solution for value transfer in low-liquidity fiat pairs. It seeks to minimize liquidity costs and improve customer experience.

xRapid relieves banks from the necessity of having pre-funded accounts in developing countries. xRapid utilizes its own asset, XRP, and a distributed ledger, the XRP ledger, to serve as a source of liquidity for any fiat pair.

The XRP ledger acts as a transitional liquidity layer between two fiat currencies. A typical xRapid transaction takes about four seconds to process and includes four steps:

  • sender initiates and confirms a transaction in Currency A from Country X,
  • funds in Currency A are converted to XRP,
  • funds in XRP are converted to Currency B,
  • receiver in Country Y receives funds in Currency B.

'XRP acts as the source of liquidity'


xVia is an API that ties the Ripple ecosystem together. Using xVia, companies will be able to connect to RippleNet and send payments across various networks around the globe in an instant.

xVia does not need installation and works like a browser extension. xVia is in its development stage.


  • XRPs cannot be mined as the entire supply of 100 billion XRP was pre-minted. Ripple Labs is said by various sources to own more than half of it.
  • Ripple Labs does not own RippleNet, and it can operate without the company.
  • Jed McCaleb left Ripple Labs in 2013 and co-founded Stellar, a distributed payments infrastructure.
  • Ripple is often criticized for its centralized structure which relies on trusted validators.
  • Many doubt the necessity of the XRP token as an integral element of the network.
  • XRP is currently the third crypto asset by market capitalization.
  • In January 2018 XRP set all-time-high at $3.4.
  • A transaction in XRP costs 0.00001 XRP.
  • Ripple’s official partners include UniCredit, UBS, Santander.
  • Massachusetts Institute of Technology is one of the validators on RippleNet.
  • xRapid went in commercial production on October 1, 2018.


Official Ripple website

Official Ripple news

Developer center



Technical info

ILP website

Interledger paper

Ripple Protocol Consensus Algorithm







What is Ripple?


How to buy XRP



Why XRP will grow in value

XRP explorer


0.3198 USD 6.70%
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XRP Price Retakes $0.31 Despite Losses in BTC Value

It has been brewing for some time now, but there is some positive momentum in the XRP price department. Whereas this asset was dipping below $0.3 just a few days ago, it is seemingly recovering some of those losses in quick succession. There is still a net loss in BTC value which will cause some problems in the short term. XRP Price Goes Green and Red It is evident all cryptocurrencies and digital assets will struggle for sustainable momentum for the time being As long as Bitcoin will not head in either direction for more than a few hours, the rest of the market will follow a similar pattern first and foremost. XRP Will not be any different in this regard, although it is noting some positive momentum over the past few hours. To put this in perspective, there has been a 4% uptrend in USD value, bringing XRP back to the $0.31 level. On the other hand, there is a 2.2% decline in Bitcoin value, which means the 9.000 Satoshi level is well out of reach at this time. In theory, this should not cause any problems, but there will be some traders on edge because of this most recent price slip. As is always the case when it comes to XRP, some positive developments can be noted. The past few months have been very promising in this regard, as multiple companies are exploring with technology which involves the use of this digital asset. That doesn’t necessarily result in a higher XRP price, but the momentum is definitely promising. *#XRP Ecosystem Update* Additions since October 14: –#xPring funds @securitize_io –@kava_labs brings @Interledger to @cosmos –@Mojaloop launches Mowali–@Solstice_Info – Aurora ILSP–@EnterBillions–@sendfriendinc – #xRapid–@Bitstamp – xRapid–@inside_r3 – Corda Settler — XRP Research Center (@XrpCenter) December 9, 2018 It would also see a lot of people are only now finding out William Shatner is involved in cryptocurrencies and digital assets. He is even one of the people keeping an eye on both Ripple and XRP alike, which is getting a lot of attention right now. Unlike other “celebrity endorsements”, this is not a promotional campaign funded by Ripple, by the look of things. Now @WilliamShatner is not only my childhood hero but also my “adulthood” hero! #XRP — Discord (@DiscordinCrypto) December 9, 2018 For those who seek an XRP-based arbitrage opportunity, using two of the world’s biggest exchanges can yield some positive results. The value per XRP on Binance and Bitfinex is very different from one another. Although this close is destined to close pretty quickly, traders may want to take advantage of this gap as long as the opportunity remains in place. There is a huge price difference in #XRP listed on @binance & @bitfinex, Why is that? — Jayram Varma (@JayramVarma) December 9, 2018 Despite the net loss in Bitcoin value, it would appear the XRP price will remain in the green for a while. At this time, the hourly chart doesn’t look too promising for any currency, token, or asset, which may indicate some pre-bearish momentum is shaping up already. Tomorrow will be the real test to see if these gains can remain in place, yet it seems highly unlikely that will be the case. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post XRP Price Retakes $0.31 Despite Losses in BTC Value appeared first on NullTX.

This week in Crypto: Coinbase, SEC, BCH, Tron, XRP, Bitcoin, SWIFT, Nasdaq

The “crypto week” 2 to 8 December was another bloody week for cryptocurrencies. Bitcoin the leading cryptocurrency dipped below $3,500 and has been at that level for the past few days. Ethereum also went below $100 after the brief recovery the market experienced. Apart from the crypto crash relapse, many other events unfolded, the best of which we have selected for you in the roundup. Coinbase considers listing 30 new tokens Coinbase, the major crypto exchange and wallet provider announced its plans to list 31 new tokens including XRP and Stellar XLM. the company made the announcement on its official blog on Friday, December 7, 2018. According to Coinbase, the selected crypto assets for the listing are those that share the company’s mission of providing an “open financial system for the world.” SEC The crypto community has been expecting an ETF approval to help rescue the Bitcoin market. However, the SEC decision which was to be made known by the end of October is not forthcoming. Following the deadlock, Jake Chervinsky, a lawyer and crypto enthusiast sees a ray of hope for a Bitcoin ETF. He said SEC cannot afford to postpone the approval of the VanEck/SolidX Bitcoin ETF proposal any longer and may have to give its approval by February 2019. Gabur Gurbacs, Director of Digital Assets Strategy at VanEck also has high hopes that the approval will be granted by the February deadline. BCH Fork Bitcoin Cash (BCH) has been struggling to stay afloat before and even after the BCH hard fork. The Bitcoin SV fork, however, has been recently riding the bull wave with an astonishing increase in market price. BCH may not be catching up with the BSV fork anytime soon as the latest crypto asset ascended to the 5th spot on the list of cryptocurrencies, occupying the position for a while. That was a sign that BSV may soon come to stay because BCH doesn’t seem to be making headway. Tether is also at risk of being overtaken unless the market turns around to favor it so that it either continues to retain its market capitalization or increase to retain its vulnerable position. TRON Tron is full of surprises. With its many innovative programs, the company has forged ahead is has the potential to lead in the decentralization of the internet. This week, the Tron token TRX took the 10th position as the tenth largest cryptocurrency by market capitalization. Tron has been competing with Ethereum since it became an independent network in June 2018. CEO of the company Justin Sun is optimistic that the company will soon go even higher up the market cap ladder. Also within the week, Sun in a tweet promised to build a rescue fund for Ethereum and EOS developers if they agree to migrate their dapps to the Tron network. He believes the two platforms are broken but he will help them to fix it if they will only use the Tron network for their dapps. Some respondents to Sun’s tweet don’t believe Tron is any better than Ethereum and EOS so he shouldn’t claim to have a solution. The crypto community will be watching to see if the two networks will agree to migrate their dapps to Tron. XRP XRP saw significant adoption within the week following its listing as the first token on R3 Universal Payment Settlement, CorDapp. CorDapp, a decentralized application that operates on the Corda blockchain works on any payment platform that transfers funds between institutions or individuals. Since XRP company Ripple is an effective payment processing company and XRP itself is used in payments, this will be a great milestone for the company and will further encourage its adoption and acceptance for payment remittances in the global market. Bitcoin Although the crypto community may have given up on cryptocurrencies and rightly so at least for the year 2018, some experts still see hope for Bitcoin in the short term. Panelists at, a personal finance comparison website see a rebound of over $6,700 by January 2018. The panelists also made some great predictions about Stellar XLM and Cardano (ADA), saying both assets will see a 100% increase before the year runs out. The panelists also made predictions about ETH which is to gain 35%, XRP to gain only 3% while TRX is 12%. Other altcoins are Litecoin (LTC) which is to lose 13% while Binance Coin (BNB) is to lose 32%. Also, the bitcoin whales blew their cover this week with one user transferring $257 million worth of Bitcoin from an address that has remained inactive for a long time. The amount transferred is a significant amount considering the current market condition which is not surprising as the wallet is said to be one of the most loaded in the entire crypto space. Luckily for space, the transfer was not made to an exchange because this would have worsened the already existing decline. However, the destination to which the funds were sent is still unknown. SWIFT In a bid to compete favorably with Ripple the cryptocurrency payments giant, SWIFT, the world’s leading payment organization has adopted blockchain to facilitate easy payments to ensure timely transactions. The electronic blockchain based payment system is hopefully going to help SWIFT eliminate delays in transactions. Several users of the platform had requested for an upgrade to enable them to make fast payments. The system will not only make payment easier but will also facilitate easy access to APIs of financial institutions for easy account verification and timely disbursement of funds. Nasdaq Nasdaq has restored some hope for Bitcoin as it confirmed the listing of Bitcoin futures on its platform. The Vice President of the company Joseph Christinat announced this saying Nasdaq has deliberated on the decision for some time but has finally approved it despite the current market condition. Hopefully, this listing will help to revive the Bitcoin market and the entire cryptocurrency market by extension. The post This week in Crypto: Coinbase, SEC, BCH, Tron, XRP, Bitcoin, SWIFT, Nasdaq appeared first on ZyCrypto.

It Is No Longer a Matter of ‘If’, But ‘When’ Coinbase Will List XRP

On the 7th of December, the popular American cryptocurrency exchange of Coinbase made an announcement that excited a lot of crypto enthusiasts as well as angering a few. The announcement was that the exchange was considering support for 31 additional digital assets on its platform. A few crypto enthusiasts wondered why the exchange would provide a new list when the previous list – that still had Stellar (XLM) and Cardano (ADA) – was not complete. Others pointed out that the exchange went ahead and listed 4 ‘relatively unknown’ ERC20 tokens rather than solid tokens linked to solid projects. These 4 tokens were Civic (CVC), district0x (DNT), Loom Network (LOOM), and Decentraland (MANA). One such complaint can be seen in the following tweet. Listing Civic and Mana is a total joke. Coinbase is losing all the credibility today. Both are literally zombie projects. I’m honestly shocked — Larry Cermak (@lawmaster) December 7, 2018 A Silver Lining for XRP The new list did however include XRP thus providing a silver lining for fans of the digital asset who have been waiting for a listing since early January this year. Back then, XRP went on to reach levels of $3.84 as traders were sure it was next to be listed on the exchange. Bitcoin Cash had been listed a few weeks earlier in December 2017. But the listing fell through and XRP tailspinned to current levels of around $0.30. The decline in value was  however accelerated by the current bear market that was catalyzed by regulatory fears across the globe, exchanges being hacked, hash wars and traders throwing in the towel due to investor fatigue. XRP Continually Resilient However, amidst the turmoil, XRP has managed to become one of the most resilient digital assets in the current bear market. XRP has slowly but surely climbed the ranks according to market capitalization even edging out Ethereum (ETH) in the process. XRP is now ranked second according to market capitalization. Discrepancies Between and Yahoo Finance XRP traders have noted that when using the popular cryptocurrency tracking website of, $50 Billion in market capitalizations stands between XRP and Bitcoin: The King of Crypto. Checking the cryptocurrency screener on Yahoo Finance, we find that the difference in market capitalization between the top two is  now reduced to $30 Billion. A screenshot from Yahoo has been provided below for a better visualization. The difference between the two tracking websites is that Coinmarketcap does not include the entire supply of XRP when doing its calculations for market capitalization. It uses 40.92 Billion XRP to reach the market cap figure of $12.86 Billion. Yahoo on the other hand, uses the entire 99.99 Billion XRP to calculate its market cap figure of $31.367 Billion. When Will Coinbase List XRP This then leaves us with the question as to what will be the market reaction when Coinbase lists XRP. The exchange has already provided the information that it is exploring listing the digital asset. Therefore, it is safe to assume if XRP is listed in the coming days, it could close the gap it has with Bitcoin or even succeed in dethroning the King of Crypto. Using Coinmarketcap figures, XRP needs only be valued at $1.525 to dethrone BTC. On the other hand, when using Yahoo’s figures, XRP needs to be valued at $0.624 to achieve a similar feat. Do you think Coinbase will list XRP soon? What will be the market reaction of such an event? Please let us know in the comment section below.  Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post It Is No Longer a Matter of ‘If’, But ‘When’ Coinbase Will List XRP appeared first on Ethereum World News.
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