Ripple is one of the industry’s more unique cryptocurrencies. The cryptocurrency might just be in its infancy, however. The developers behind Ripple have a number of major products and services in development.

Keep reading to discover how Ripple plans to change the world of digital payments in the future.

What Is Ripple?

Ripple was launched a few years ago with an ambitious goal: the developers wanted to enable the “Internet of Value” (IoV) to move money as easily as information is moved today.

Basically, Ripple wanted to be a cryptocurrency built for enterprise and banking use. It wanted to enable fast cross-border payments, low transaction fees, and all of the other benefits of digital currencies. Most importantly, it wanted to do this with the goal of targeting enterprise and banks – two groups that require extended features you won’t find on cryptocurrencies like bitcoin or Ethereum.

Today, Ripple’s global payments network continues to grow. The developers have 90+ customers, 75+ commercial deployments in progress, and a common set of payment standards that govern all transactions across the network.

The developers believe they’ve created the best digital asset for payments. It doesn’t have the same controlled supply and ridiculous volatility of bitcoin, nor does it have the ICO mania surrounding Ethereum.

With that in mind, let’s take a closer look at some of the technologies Ripple has in the works today.


Ripple has always had a global payment transfer system. However, they recently gave a name to it: RippleNet. RippleNet isn’t anything new – it’s just an evolution of the payment platform. The company continues to insist it’s “the world’s only enterprise blockchain solution for global payments.”


xCurrent is the new name of Ripple’s existing enterprise software solution for banks and other financial institutions. It can be used to send and receive cross-border payments. Big deal, right? All cryptocurrencies can do this. However, Ripple has additional features designed for enterprise use, including end-to-end tracking and bidirectional messaging. The developers also recently added a Rulebook with the goal of standardizing all transactions across the network.

Interledger Protocol (ILP)

The Interledger Protocol (ILP) is the backbone of Ripple. ILP makes it possible for payments to instantly be sent across the network. It’s a key scaling solution for Ripple, and the company believes it’s “the only way to scale the global network for future demand.”


xRapid hasn’t been added to the Ripple network at this time. However, it’s currently in development. xRapid provides a low-cost liquidity solution for emerging markets with the goal of using XRP to lower liquidity costs of payments in emerging markets. The developers claim product development is “well underway”. More information should be available in Q4 2017 or Q1 2018.


This is another Ripple product currently in development. xVia allows users to send international payments through a bank or payment provider that’s been connected to RippleNet. xVia offers a standardized interface and a simple API, making it easy for users to send global payments. Those global payments can be attached with information like an invoice or payment status.

Ripple Conclusion

Ripple continues to carve its own niche in the cryptocurrency industry. Stay tuned for more information about the enterprise and bank-focused cryptocurrency in the future.

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