National Bank of Abu Dhabi Adopts Ripple Cryptocurrency Software

Although it is often overlooked by investors more eager to focus on Bitcoin and Ethereum, Ripple has several factors in its favor in comparison with the rest of the cryptocurrency field. The currency, now sporting the third-largest market capitalization in the industry, is designed for seamless transactions which can be settled by banks in real time. The result is that transaction fees can be kept down for both banks and individual customers. Ripple is an entirely new kind of cryptocurrency. Instead of exchanging Ripple directly for goods and services, as with a traditional currency, the Ripple currency is a medium for converting any currency instantly into any other one, without relying on a central exchange.