1. bookVolume 10 (2021): Issue 3 (September 2021)
Journal Details
License
Format
Journal
First Published
11 Mar 2014
Publication timeframe
3 times per year
Languages
English
access type Open Access

The Evaluation of Block Chain Technology within the Scope of Ripple and Banking Activities

Published Online: 06 Sep 2021
Page range: 153 - 167
Received: 26 Feb 2020
Accepted: 06 Oct 2020
Journal Details
License
Format
Journal
First Published
11 Mar 2014
Publication timeframe
3 times per year
Languages
English
Abstract

Technological developments have always led to changes in all aspects of our lives. Crypto currency is one of those changes. As a result of those changes, thousands of currencies such as bitcoin, ripple, litecoin and ethereum have evolved and have found a use in business. The present study focuses upon Ripple and tries to explain its effects on banks and business theoretically. It has been stated that the money transfer performed through Ripple is faster and more economical when compared to present systems. Additionally, it has been realised that the present SWIFT system has been influenced by that speed and economy, and therefore taken considerable technologic steps with an effort to improve its system.

Keywords

JEL Classification

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