XRP Technical overview
Ripple is a digital currency and an open payment network where currency can be transferred globally with minimum fees. It facilitates quick and easy transactions around the world in just a few seconds. Ripple allows you to transfer every currency. In the future, when it succeeds, it will progress to the systems like PayPal and SWIFT.
One of the best parts of Ripple is its low cost. When compared to banks and PayPal, Ripple charges a tiny percentage for the transfer of funds. The amount deducted is then destroyed. The deduction is to prevent the people from transacting millions at once.