Ripple Labs

Ripple Labs is a technology company that develops Ripple, a digital payment protocol designed to enable fast, secure, and low-cost international money transfers. Unlike traditional banking systems that can take days and charge high fees, Ripple uses blockchain-like technology to settle transactions in a matter of seconds. It connects financial institutions, banks, and payment providers, allowing them to efficiently transfer funds globally. Ripple's digital currency, XRP, is used to facilitate these transactions, helping to improve cross-border payment systems by reducing costs and increasing speed.