Ripple is a provider of enterprise blockchain solutions for financial institutions. They aim to bridge the fragmented global market and reduce costs for cross border payments with a global infrastructure.
Ripple's distributed financial technology enables banks to send real-time international payments across networks. Ripple offers a global real-time payment system that enables banks and financial institutions around the world to directly transact with each other without the need for a central correspondent by using block chain technology. The company also offers FX Market Making, a solution enabling enterprises to gain access to cross-currency liquidity through a distributed network that allows foreign exchange to be externally sourced from a competitive FX marketplace or an internal FX trading desk. This minimizes FX exposure thereby lowering the volatility and counter-party risk of trades. Ripple Insights features industry updates, insider perspectives, and in-depth market analysis. Ripple's mission is to be the best way for people to send money to anyone, anywhere.
Ripple provides a simple use-case example for their technology in this video.
They also provide some more videos and case studies of their technology here.
*Based on Preferred Stock Price, Ripple Labs does not have a stock symbol since it is currently private and is yet to have an IPO.
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