What is the purpose of Ripple?

Ripple is made to solve the broken international payment. As the world starts connecting from every corner and most businesses expand its market to foreign countries, transactions between two or more countries are significant; however, current technology does not efficiently solve the problems such as  Bloated Transaction Fees and Exchange Rates. Ripple’s approach is to work closely with a bank for improving bank’s system. Ripple has 3 main tools for resolving these problems

• xRapid: It allows bank to transfer money globally and takes full advantage of low transaction.
• xCurrent: It allows bank to track where all transaction is done and how.
• xVia: It encourages user to get more experience of xRapid and xCurrent.

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