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What is Ripple?

Ripple, now known as RippleNet, is a technology company that focuses on providing solutions for cross-border payments and remittances. It was founded in 2012 and aims to improve the efficiency of global financial transactions using blockchain technology and digital assets.

Key Features:

  • Digital Asset (XRP) for Cross-Border Transactions
  • Decentralized Payment Network
  • Consensus Algorithm for Transaction Validation
  • Support for RippleNet Members
  • Integration of Second-Layer Solutions like the Lightning Network

Use Cases:

Ripple's technology is primarily targeted at improving the efficiency of cross-border payments, reducing the need for intermediary accounts, and providing cost savings for financial institutions.

Visit their official website to learn more:
Accounting Features Supported for
Unrealized G/L & Impairment Calculation
Reconciliation & Sanity Checks
DeFi Protocols
NFTs Valuation
Automated Rule Categorization
Integration to ERPs, QBO, Xero, Netsuite, etc.

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