How long until blockchain technology makes banking faster?
How long until blockchain technology makes banking faster?
For the last four years, Ripple Labs has been working to develop and scale a new technical infrastructure for sending money between banks and across borders using distributed ledger technology—the same stuff that powers bitcoin transactions. But instead of using bitcoin to move money, Ripple uses a digital asset called XRP. Unlike bitcoin, XRP is not a currency. It’s a digital asset that carriers value across a blockchain system. The company’s goal is to make the transfer of money instant and cheap.
