!!! Overview [1]
[{$pagename}] ([RTXP]) is an [Open Source] [Distributed Ledger Technology] By The [Ripple Company] to support the [Cryptocurrency] [XRP] (Ripples)

[{$pagename}] uses a [Consent Mechanism] that allows for payments, exchanges and remittance in a distributed process.

[{$pagename}] website describes the [Open Source] [protocol] as "basic infrastructure technology for interbank transactions – a neutral utility for financial institutions and systems".

[{$pagename}] requires two parties for a transaction to occur: 
* a regulated financial institution "holds funds and issues balances on behalf of customers." 
* "market makers" such as hedge funds or [currency] trading desks provide liquidity in the [currency] they want to trade in.

The [Consent Mechanism] allows for payments, exchanges and remittance in a distributed process.

According to the [CGAP] in 2015, "Ripple does for [payment]s what [SMTP] did for email, which is enable the systems of different financial institutions to communicate directly."

[{$pagename}] uses the [Ripple Consensus Protocol Algorithm]

!! More Information
There might be more information for this subject on one of the following:
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* [#1] - [Ripple_(payment_protocol)|Wikipedia:Ripple_(payment_protocol)|target='_blank'] - based on information obtained 2017-12-17-