Paypal.com or Dwolla.com are the easy, secure and instant online money transfer mechanism which let us send or receive funds via an email in ourPaypal or bank account via EFT, but people says it charges 3.25% plus some fixed charges which are big in this age of online world,
Well, a new internet protocol like http:// or https:// , Ripple Transaction Internet Protocol (RTXP) is on its way when people can send or receive funds using an email, instantly and securely very cheap!
https://gigaom.com/2014/09/24/two-us-banks-are-ready-to-embrace-the-ripple-protocol-allowing-instant-global-money-transfers/
Two banks from USA New Jersey-based Cross River Bank and Kansas-based CBW Banks are even ready to go with Ripple Transaction Internet Protocol (RTXP) to send or receive money out or in of physical international borders!
What is this Ripple Transaction Internet Protocol (RTXP)? How it works? Is this safe?
Ripple is an internet or IP protocol for a secured and instant online
financial transaction, in the virtual world!
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| Forget Paypal or Dwolla: It’s Ripple Transaction Internet Protocol (RTXP) for instant global money transfers |
Who owns the Internet
protocols?
RTXP or Ripple Transaction Internet Protocol is a set of rules for computers to communicate with each
other like any internet protocol for making safe and instant fast funds
transfer so the people could do online business with an ease,
The Internet protocols are owns by no one, they are created to be
just a useful standard, so anyone can use them in their business or software!
The Ripple is NOT like the virtual digital currency like Bitcoins
or such, they are just a financial internet protocol for global payments system
connecting online world!
Bibliography:
https://ripple.com/ripple_primer.pdf
http://devtome.com/doku.php?id=ripple_payment_system
Bibliography:
https://ripple.com/ripple_primer.pdf
http://devtome.com/doku.php?id=ripple_payment_system
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