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An Introduction to Ripple XRP
What is virtual currency?
• A virtual economy is an emergent economy
existing in a virtual persistent world, usually
exchanging virtual goods in the context of an
Internet game.
• Some examples are : Bitcoins, Litecoins etc
What is Ripple XRP ?
• Ripple is an open source person-to-person
payment network — a simple way for anyone
in the world to send money to anyone else at
practically no cost.
• XRP is a math-based currency designed to
work seamlessly with the Internet. Powered
by a global network of computers, XRP is a
fast, direct, and secure way to send payments
on the web.
Why Ripple ?
• Ripple is a decentralized but unified system
• You can move money from system to system.
Or you can keep it simple in Ripple.
• Moving money into and out of Ripple is easy
too
How it works?
How you can convert Bitcoins to
XRPs?
Benefits as a Payment Protocol

Any currency

Global

Final

Fast

Wire transfer
cost $15 vs.
$0.00003 on
Ripple
Protocol
Ripple XRP users
Basic users Merchants Market Makers Gateways
Gateways (What they do?)
• Issues local currency balances on Ripple
• Balances can be transferred across the ledger
without intermediaries
• Earns fees as they wish
Summary
• Ripple is emerging as a next promising virtual
currency.
• A simple way for anyone in the world to send
money to anyone else at practically no cost.
• While Ripple does not charge a typical fee for
profit, each transaction does require a small
portion of a ripple (equivalent to ~1/1000th of a
cent) for security.
Contact us
To know more about Ripple and to use XRPs,
meet us at
• Website : www.tradefast.me
• Facebook: www.facebook.com/Tradefast
• Twitter : www.twitter.com/tradefastripple

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An Introduction to Ripple XRP

  • 1. An Introduction to Ripple XRP
  • 2. What is virtual currency? • A virtual economy is an emergent economy existing in a virtual persistent world, usually exchanging virtual goods in the context of an Internet game. • Some examples are : Bitcoins, Litecoins etc
  • 3. What is Ripple XRP ? • Ripple is an open source person-to-person payment network — a simple way for anyone in the world to send money to anyone else at practically no cost. • XRP is a math-based currency designed to work seamlessly with the Internet. Powered by a global network of computers, XRP is a fast, direct, and secure way to send payments on the web.
  • 4. Why Ripple ? • Ripple is a decentralized but unified system • You can move money from system to system. Or you can keep it simple in Ripple. • Moving money into and out of Ripple is easy too
  • 6. How you can convert Bitcoins to XRPs?
  • 7. Benefits as a Payment Protocol Any currency Global Final Fast Wire transfer cost $15 vs. $0.00003 on Ripple Protocol
  • 8. Ripple XRP users Basic users Merchants Market Makers Gateways
  • 9. Gateways (What they do?) • Issues local currency balances on Ripple • Balances can be transferred across the ledger without intermediaries • Earns fees as they wish
  • 10. Summary • Ripple is emerging as a next promising virtual currency. • A simple way for anyone in the world to send money to anyone else at practically no cost. • While Ripple does not charge a typical fee for profit, each transaction does require a small portion of a ripple (equivalent to ~1/1000th of a cent) for security.
  • 11. Contact us To know more about Ripple and to use XRPs, meet us at • Website : www.tradefast.me • Facebook: www.facebook.com/Tradefast • Twitter : www.twitter.com/tradefastripple