CONCEPT

Ripple connects banks, payment providers, digital assets and corporates by their software RippleNet, a network which allows an easy, instant connectivity across global payment networks with cryptocurrency.

HOW THEY’RE DISRUPTING

RippleNet takes away delays and high costs of global payments. The Ripple’s ‘XRP’ currency transaction costs are currently lower than their close cryptocurrency neighbour, Bitcoin.

DISRUPTION POTENTIAL

Ripple have struck numerous game-changing partnerships in finance. Standard Chartered, a British banking and financial services, announced they were using Ripple to unlock the $15bn trade corridor between India and Singapore, where the technology is being used to speed up payment processing in their corporate supply chain. Santander have also launched a same-day international payment transfers service, thanks to their latest tech developed by Ripple.

INVESTMENTS AND FUTURE

Ripple have raised $93.3M from investors like SBI Investment, IDG Capital and Core Innovation Capital. There is currently only about 40% of XPR tokens in circulation, with a valuation at about $31bn – but it’s combined value of all XRP in existence is almost $80bn.