US-based technology company Ripple Labs Inc. developed a gross payment, currency exchange, and receiving network in 2012. Ripple uses an open-source distributed protocol supporting foreign currency tokes, crypto-monetary tokens, and other interest units. Additionally, the Ripple ledger uses a decentralized native cryptocurrency known as the XRP. Unsurprisingly, in September, it became the second-largest market capitalization coin. 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, and in 2018, more than 100 banks signed up. However, most of them still used the XCurrent communication system and had a volatility problem when ignoring the XRP cryptocurrency.