Ripple is the latest in a retinue of challengers to Waves dominance, being by far the most commercially successful of any blockchain company.
Much like Bitcoin, ripple provides a borderless payment mechanism for capital to flow from one party to another without the need for a financial intermediary. Ripple’s enterprise solution, RippleNet, allows financial services institutions – and by proxy their customers – to transfer assets seamlessly to one another, reducing the time taken to transact from days to fractions of a second, for a sliver of the cost.