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Bitcoin's recovery could convince many investors that it's a stable long-term asset like gold or silver. trillion -- and is now the world's 10th most valuable asset. Several smaller financialinstitutions -- including Travelex Bank, Tranglo, and Sentbe -- use Ripple's XCurrent network for their money transfers.
It promotes its blockchain-based approach as a cheaper, faster, and more secure alternative to the more widely used SWIFT (Society for Worldwide Interbank Financial Telecommunication) protocol for money transfers. When Ripple launched XRP in 2013, it hoped its customers would adopt the token for their financial transactions.
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