RippleFox is a gateway that was launched in 2014. It uses ripple as the main currency for exchange. Ripple can be exchanged against both flat and other cryptocurrency. RippleFox also use the stellar network to make payments.

Features of RippleFox

RippleFox is a platform that forms a bridge between banks and end customer. It is a financial solution that enables banks to process the transactions at a faster rate by using real-time transfers on international platforms. Banks are using the technology of Ripple to open new revenues thus delivering high customer experience.

Ripple was established in 2012 by Chris Larsen and Jed McCaleb at San Francisco. Currently, a team of over 150 professionals is working for this platform. Ripple offers a universal payment infrastructure that is fast and also scalable.

Talking about the timelines, flat or traditional currency takes almost 3-4 days for completing a transaction. Bitcoin takes approximately 1+ mins and Ethereum takes 2+ mins. When it comes to Ripple, the transaction is as fast as 4 secs, which is an exceptional rate. Ripple can carry out as many as 1000 transactions per sec.

Ripple works on the concept of Blockchain technology. It is open-source and accessible to all. The platform is extremely stable since inception hence it is a good and reliable source and can be used for institutional and enterprises.

The most important feature of Ripple is liquidity. Ripple provides liquidity to both banks and payment providers. Through Ripple, payment providers can expand their reach into new international markets. By doing so, they lower the exchange rate thus; the payments can be settled at a faster rate.

Using Ripple as the platform, banks can maintain their liquidity by making real-time transactions.

Thus, RippleFox relies on Ripple for trading and exchange.

Supported coins: XRP

You can trade XRP and CNY using this Ripplefox trade.