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Ripple, established in 2012, aims to transform international payments through its decentralized payment protocol and cryptocurrency, XRP. Ripple's technology, the RippleNet, facilitates quick and low-cost money transfers by connecting financial institutions directly.

• Ripple is both a digital payment protocol and a cryptocurrency (XRP) created in 2012.
• It aims to enable fast and low-cost international money transfers.
• Ripple's technology, called the RippleNet, allows financial institutions to connect and transact directly, bypassing traditional intermediaries.
• XRP is used as a bridge currency in Ripple's ecosystem to facilitate the seamless transfer of money between different fiat currencies.
• Ripple Labs, the company behind Ripple, has developed partnerships with several major banks and financial institutions.

XRP acts as a bridge currency, allowing seamless conversion between different fiat currencies during transactions. With partnerships with major banks and institutions, Ripple aims to improve cross-border remittances and liquidity management, making it an influential player in the global financial ecosystem.