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Ripple is the digital currency that uses blockchain encryption to gain prominence over its rising value.
Released in 2012, Ripple provides a “basic infrastructure technology for interbank transactions — a neutral utility for financial institutions and systems.” It’s designed to make it easier to send money across borders between people with different banks, quickly and easily. It’s a “real-time gross settlement” system, which means it happens fast (as in “real time”), it happens in full (“gross”), and there are no give-backs (“settlement”).
Ripple boasts a faster transaction time than bitcoin — a few seconds instead of more than a hour — which 
means transfers can happen easier and more frequently.
The surge has been celebrated by the people who work at California-based Ripple.
It’s also made people who own a loot of XRP very rich, very fast.