20 Apr '17, 8pm

6 Cryptocurrencies You Should Know About (and None of Them Are Bitcoin)

6 Cryptocurrencies You Should Know About (and None of Them Are Bitcoin)

While other cryptocurrencies avoid banks, Ripple embraces them. In fact, Ripple was made for banks, as it allows them to make faster, low-cost, on-demand global payments of any size. Traditional cross-border transactions require banks to go through an intermediary (or often several), which delays completion. Ripple offers a faster and more direct alternative. When a bank customer in the US wants to send a payment to a different bank customer in China, for example, Ripple immediately queries both banks for their transaction fees and makes the transfer in a matter of minutes. It even updates both customers’ ledgers right away so they can view their balances following the transaction. This unique cryptocurrency enables banks to offer new and improved payment products, and it simplifies regular transactions for consumers around the world.

Full article: https://www.entrepreneur.com/article/293053

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