Name: Ripple
Rating: 4.7 (17 reviews)

Overview

Product Information on Ripple

Updated 13th October 2025

What is Ripple?

Ripple is a software designed to facilitate real-time, cross-border payment solutions for financial institutions. The software utilizes a distributed ledger technology to enable secure and efficient transfer of funds between different currencies and payment networks. Ripple supports transaction tracking, compliance processes, and messaging functionality to improve transparency and interoperability among banks and payment providers. The software aims to address challenges associated with legacy payment systems, such as delayed settlements, lack of visibility, and high transaction costs, by providing an infrastructure that enables faster and more predictable financial transactions.

Overall experience with Ripple

SENIOR SOFTWARE ENGINEER

250M - 500M USD, Software

FAVORABLE

“Ripple's Blockchain: High Speed Transactions, Low Costs But No Decentralized Apps Support”

5.0

Jan 5, 2025

Ripple is great for fast and cheap international payments. It takes a few seconds to complete and are also faster than some traditional bank transactions. Only limitation is that it does not offer a platform to write smart contracts and deploy to develop decentralized applications.

Software Engineer

3B - 10B USD, Media

CRITICAL

“Good but delays the transaction sometimes because of VPN.”

3.0

Jul 9, 2019

Ripple is a great tool for the secure and fast transactions specially for the banking purpose. We are using it from a long time. It implements VPN that sometimes delay's the transaction. Other than done it is good to go with this payment way.

About Company

Company Description

Ripple, established in 2012, is known for its advanced crypto and blockchain technology. This firm's primary business focus is to offer solutions that are more efficient and cost-effective compared to conventional financial services. Ripple's customers use their solutions for a variety of needs, such as instant payments, capital requirement reduction and new revenue generation. Additionally, Ripple aids in sourcing crypto and treasury management, along with broadening user engagement. The ambitious goal of the company is to create an Internet of Value, where value transfer becomes as streamlined as current information exchanges. Currently, Ripple is the sole enterprise blockchain company that has commercially utilized products. The company has a broad customer base spanning across six continents and over 40 nations.

Company Details

Company type

Private

Year Founded

2012

Head office location

San Francisco, United States

Number of employees

501 - 1000

Website

http://www.ripple.com

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Key Insights

A Snapshot of What Matters - Based on Validated User Reviews

Reviewer Insights for: Ripple

Performance of Ripple Across Market Features

Ripple Likes & Dislikes

Its transaction is very fast, sometimes faster than normal bank transaction. Transaction costs are also very low. multiple transactions handled simultaneously.

It's implementation strategy

Much faster than other blockchain technologies. It support private networks for secure processes

Is does not support decentralized apps or smart contracts. Smaller user community compared to other blockchains. Documentation is not beginner-friendly.

It sometimes leaves disappointed due to delay in transactions.

It doesnt really support Intelligent Contracts like other blockchain solutions, Old Functioned programming experience, Transaction fees are low but, you need to pay it for each transaction. if there is bulk fee it could be better.

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Recommended Gartner Insights

Market Guide for Blockchain Platforms

50M-1B USD

Software

Review Source

Ripple's Blockchain: High Speed Transactions, Low Costs But No Decentralized Apps Support

Software Developer

1B-10B USD

Banking

A Blockchain solution for fast transactions, but doesn't support intelligent contracts.

4.0

Jan 20, 2020

Ripple Network is a network that has been developed to provide quick and secure transactions to banks, especially by using blockchain technology. I can say that it left other competitors behind in speed. However, it does not fully meet the actual blockchain system. The fact that functions are old for programming prevents the creation of intelligent contracts.

System Analyst

10B+ USD

Low Charges On Ripple

Dec 8, 2019

We use Ripple's open payment network offering us the ability to send and receive money with Blockchain conveniently. Moving money with it is really quick which is what we have been enjoying using Ripple. The system is great and filled with reduced charges and reliable features.

Senior Software Engineer

IT Services

Ripple : Product for payments

Aug 23, 2019

Ripple is a worldwide machine of payments, settlements and change. It ambitions to enhance on present day banking structures. The problems with banks today that Ripple hopes to enhance are: Slow transaction instances Expensive pass-border payments

Co-founder

Transportation

good for track and trace

Aug 27, 2019

ıntegrated payment options and track and trace properties are very good features but as far as we use high transaction fee on place