Ripple is a startup that was established in 2012 and it is not an ordinary cryptocurrency project. Its intention has never been similar to the Bitcoin story of digital gold. Ripple was created with the aim of ensuring that money is sent around the world more cheaply, quickly and efficiently particularly to banks and other large financial institutions. The core of Ripple is XRP Ledger (XRPL) – an open-source blockchain that clears payments in 3-5 seconds with the cost of less than a cent. In comparison to Bitcoin or Ethereum, XRPL does not require the mining activity that consumes high energy; instead, it is based on the more sustainable consensus mechanism. Ripplenet Native Token The digital currency of Ripple is called XRP and can serve as a mediator currency between the values of various currencies. Banks can settle transactions can be executed nearly instantly using XRP instead of using several intermediaries. The amount of total supply: limitless at 100 billion XRP. Circulating supply: 45 billion XRP. Use case: Liquidity in the international payment. This has helped XRP capture the attention of institutions who have been eager to transfer large amounts without having to wait days as it is the case with the use of the SWIFT services. RippleNet and Partnerships RippleNet is the enterprise blockchain solution of Ripple. It links financial providers, banks, and financial bodies with a single network. Some of its celebrity users include: Santander (utilized Ripple as its platform of One Pay FX). Pilot cross-border (between Standard Chartered and American Express) payments. MoneyGram (has collaborated with it previously to enhance remittances). Overall, Ripple boasts of having partners in more than 55 countries. RLUSD: Ripple’s Stablecoin Ripple plans a stablecoin called RLUSD (Reserves-Backed Liquidity for USD), a 1:1 peg to the U.S. dollar, in 2024.The inclusion of RLUSD is a complement to XRP, as it provides the banks with an alternative of stable liquidity during the cross-border transacting. This hybrid form would assist Ripple in expanding the gap between traditional finance and crypto. Your X post cites the Bank of America (BoA) applying several patents over the technology of Ripple. It is important since BoA is the second-largest bank in the U.S., and its implementation of Ripple real-time settlement technology would be a huge promotion. In case Ripple turns out to be a financial transaction backbone, banks such as BoA might be able to make billions of dollars of their payments per day through Ripple. Law and Regulatory Environment. Ripple has gone through harsh adversities. In 2020, the SEC filed a lawsuit against Ripple claiming that it sold XRP as an unregistered security. Such a result added confidence to the market and enabled XRP to resume trading with big exchanges in the United States. Nevertheless, regulatory transparency is important. The future of Ripplenet will largely rely on the way the world regulators will approach cryptocurrencies and stablecoins.