The Evaluation of Block Chain Technology within the Scope of Ripple and Banking Activities

Abstract Technological developments have always led to changes in all aspects of our lives. Crypto currency is one those changes. As a result changes, thousands currencies such as bitcoin, ripple, litecoin and ethereum evolved found use business. The present study focuses upon Ripple tries explain its effects on banks business theoretically. It has been stated that the money transfer performed through faster more economical when compared systems. Additionally, it realised SWIFT system influenced by speed economy, therefore taken considerable technologic steps with an effort improve system.