Review on XRP by Eve Vallenilla

Traditional financial institutions offer services that are still in demand by those who are suspicious of the non-custodial digital economy. However, it is possible to find a balance point between the virtues that the combination of both systems can offer.

In this regard, the Ripple platform acts as a bridge that links global digital finance with the conventional financial system, by offering a reliable scenario for the processing of virtual payments on an international scale.

Ripple uses blockchain technology to create a secure system that drives international operations, simplifying procedures for their execution and rapid management.

How does this mechanism work?

Ripple offers an open source virtual infrastructure, in which traditional entities can interact with the network's native currency, known as XRP tokens.

In this way, traditional banking entities can use the XRP token to optimize the management of international payments without using complicated procedures and without wasting time.

In addition, it reduces the high cost of fees for use of the financial network in the management of payments.

What additional benefits does it bring to the international banking system?

• Guarantees immediacy in the transfer of assets in all currencies

• Allows exchanges in gold

• Does not cause payment of fees

• Does not require conversions

• Does not limit the volume of transactions

• Allows banks to make use of digital gateways to simplify and speed up the processing of international transactions

• Allows you to securely purchase goods and services worldwide

• Facilitates participation in foreign investment products anywhere in the world

• It has the capacity to manage a wide range of operations per second, unlike the limitations of the traditional banking system.