Ripple cryptocurrency is denoted as XRP and was built as a global payments network. It has grown massively and is currently ranked as the 4th largest amongst its cryptocurrency peers. This is quite an achievement considering the thousands of cryptocurrencies in circulation to date. One of the key strengths of XRP is its underlying technologies. As a payment solution provider, Ripple has projected itself as a direct competitor to the global financial payment institutions in the money transfer and remittance business. The global payment systems have always been slow, bureaucratic, and expensive especially cross-border. Ripple saw this opportunity and came in with a promise to do it in a cheaper…