Ripple Explained Simply - Everything you need to know about XRP

Great video with in depth explanation of ripple (XRP) and how it benefits institutions. Ripple was originally conceived in 2004. After further development of the concept, a corporation named OpenCoin was founded during 2012. The Company developed the ripple protocol (RTXP) and the Ripple payment & exchange network in open source code. The company name changed to Ripple Labs Inc. during 2013 and was subsequently rebranded and shortened to Ripple in 2015. Ripple is a privately funded company with notable investors such as Google Ventures, Seagate Technology, Accenture, Bitcoin Opportunity Corp & Standard Chartered.

Today, Ripple boasts more than 100 major institutional clients -and growing- notably major brands such as JPMorgan and Bank of America. Currently Ripple is consider as a centralized open network, its not a such a bad thing to move large amount of money between banks. it might have a great future if large financial institution and banks adapt to XRP. Money graham has recently announced that they will utilize XRP as a major token on their network.