Ripple is a gross payment, currency exchange, and receiving network developed by the US-based technology company Ripple Labs Inc. in real-time. Ripple was launched in 2012 using an open-source distributed protocol and supports foreign currency tokes, crypto-monetary tokens, or other interest units like frequent flyer miles or cell minutes. The Ripple ledger uses a decentralized native cryptocurrency known as the XRP, which became the second-largest market capitalization coin since September 2018. The ledger supports the “secure, instant, and nearly free global financial transactions of any size with no chargebacks.” Since September 2018. The ledger supports the “secure, instant, and nearly free global financial transactions of any size with no chargebacks.”The business registered interest on its payment system from the banks in 2013. In 2018, more than 100 banks signed up, but most of them still used the Ripple XCurrent communication system and had a volatility problem when ignoring the XRP cryptocurrency.