<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>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.</p>
</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.

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

Journal of Central Banking Theory and Practice

This work is licensed under the Creative Commons Attribution 4.0 International License.

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,...

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

Published Online: Sep 06, 2021

Page range: 153 - 167

Received: Feb 26, 2020

Accepted: Oct 06, 2020

DOI: https://doi.org/10.2478/jcbtp-2021-0029

Keywords
Ripple, Bitcoin, block chain, crypto currencies, banking and Ripple, SWIFT

© 2021 Erdogan Kaygin et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

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

Published Online: Sep 06, 2021

Page range: 153 - 167

Received: Feb 26, 2020

Accepted: Oct 06, 2020

DOI: https://doi.org/10.2478/jcbtp-2021-0029

KeywordsRipple, Bitcoin, block chain, crypto currencies, banking and Ripple, SWIFT

© 2021 Erdogan Kaygin et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
Ripple, Bitcoin, block chain, crypto currencies, banking and Ripple, SWIFT