1. bookVolume 10 (2021): Edition 3 (September 2021)
Détails du magazine
Première parution
11 Mar 2014
3 fois par an
access type Accès libre

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

Publié en ligne: 06 Sep 2021
Volume & Edition: Volume 10 (2021) - Edition 3 (September 2021)
Pages: 153 - 167
Reçu: 26 Feb 2020
Accepté: 06 Oct 2020
Détails du magazine
Première parution
11 Mar 2014
3 fois par an

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.


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