Ripple uses distributed ledger technology, blockchain, just like Bitcoin or Ethereum.

The concept of Ripple enables real-time financial transactions. Today, international money movement takes a few days (3-5 days) and the costs are huge. There is literally no other way to send money internationally that day than to get on a plane with a briefcase full of money. Ripple aims to overcome this problem by creating the possibility of sending money across borders within seconds. XRP (Ripple's own cryptocurrency) delivers money anywhere in the world within four seconds at a cost of a few pence, making it extremely cost-effective by eliminating the need for intermediary banks.

Unlike other coins, it has a much higher throughput - 100 times that of the Ethereum system - and can handle 1500 transactions per second. While Bitcoin itself can only handle 3-5 transactions per second.

The market is always the size of the scale needed: the technology is mature (Ripple has been working on it since its inception in 2012), the team is world-class, and they have partnerships with nearly 100 banks around the world. The first bank to start using Ripple Payment Protocol is the German Fidor Bank.

Among the banks also known in Hungary, only Unicredit has so far joined. Not surprisingly, many believe that XRP will grow into the leading cryptocurrency in the future.