Ripple provides global financial settlement solutions to ultimately enable the world to exchange value like it already exchanges information – giving rise to an Internet of Value (IoV). Ripple solutions lower the total cost of settlement by enabling banks to transact directly without correspondent banks and with real-time certainty, optionally using the digital asset XRP to further reduce liquidity costs. Banks around the world are partnering with Ripple to improve their cross-border payment offerings, and to join its growing, global network of financial institutions and market makers.
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 does not have a stock symbol since it is currently private and is yet to have an IPO.
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