Blockchain: RippleNet

Token Name: XRP

Token Symbol: XRP

Governance: Regional Councils & RippleNet Committee

Industry Focus: Financial Services

What problem does it try to solve?

RippleNet was designed to address traditional, centralized issues regarding slow, error-prone, and costly payment networks. RippleNet was designed for easy global payments, efficient processing, and payment certainty.

What is it offering to users?

RippleNet promises four core advantages. First, its customer experience focus works to improve loyalty between your business and your customers. Second, modern infrastructure via its utilization of blockchain to streamline payments and reduce costs. Third, the offering of on-demand liquidity which eliminates pre-funding. Finally, RippleNet proposes its advantage with simplified network partnering.

How does its governance work?

RippleNet is governed through a combination of Regional Councils and the RippleNet Committee. The Councils assist in guiding development to ensure suitability for their region and are organized by geographic region or common interest. The Committee is a global body whose role is to make global cross-border payments easier. Further, the Committee promotes sound payment practices and oversees adherence to standards and compliance. 

Who's using RippleNet?

There are hundreds of financial institutions, in more than 55 counties that have adopted RippleNet. 

Want to learn more?

Documentation: https://xrpl.org/docs.html

Website:https://ripple.com/

Note/Request: This was the first edition of this blog and as such feedback is highly desired. What other information would you like to see presented in these overviews?