What is Ripple? (XRP, IOUs, Gateway and Validators Explained)

Start trading Ripple here: bit.ly/3ujZdgT
The banking system today uses slow and outdated systems in order to transfer money (i.e. value) around the world. Ripple aims to create the Internet of value called RippleNet - a set of unified rules helping the financial sector use 21st century solutions for fast and scalable transfer of money.
Ripple has two main forms of transferring value - IOUs and XRP. IOUs are representation of debt and can be issued for any type of real world asset. XRP is RippleNet’s native currency which can be used to transfer money quickly around the world.
That’s Ripple in a nutshell. If you want a deeper explanation about Ripple and XRP keep on watching the video, here’s what I’ll cover:
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0:42 - The issue with bank transfers
2:34 - Ripple in a nutshell
3:26 - How RippleNet works
4:42 .- RippleNet currencies (XRP, IOUs)
4:57 - IOUs
7:10 - XRP
11:53 - Is Ripple centrazlied?
14:30 - Conclusion
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Still have questions? Leave us a comment in the comment section below

[@TaylorKinney-q7e]

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[@isahAhmed-w8b]

how can i communicate with him?

[@TaylorKinney-q7e]

My CFA, Jason Lunvo Rodriguez a renowned figure in his line of work. I recommend researching his credentials further... he has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

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[@clarencealger8380]

I understood more from your first 3 minutes than my 1 hour reading 5 different articles! I love your format of explanation, thank you!

[@ryanjburdick]

It's pretty simple. Invest in it. Unfortunately I actually started to pay attention in December 2017.

[@ryanjburdick]

The fact is it's 1000 faster than Bitcoin. Didn't mention that did ya? And. Fraction of the cost

[@ryanjburdick]

Bitcoin was the Ford model-t

[@ryanjburdick]

Great invention

[@ryanjburdick]

But now we have Ferrari and Lamborghinis

[@benonkwesiga1952]

Ripple explained in plain English. Thanks and keep them coming.

[@ironclad452]

Your videos are some of the clearest and most informative ones out there. Thanks!

[@99Bitcoins]

Thank you so much for this feedback :) I really appreciate it.

[@surfersparadise5615]

excellent as always, thanks

[@tenyomo]

When you say: ''Let me explain''. He will explain it very satisfying. Love you videos man!

[@spencercochran2891]

yes yes yesss!

[@crimson3510]

After two years... I just want to say thank you for this absolutely brilliant and stunning presentation.... 👌👌👌☀️

[@froggyjosh]

I agree! Great video 🙏

[@Blessed.90]

Who’s here in Dec 2024🔥 XRP pasts $2 and takes #3 Marketcap spot

[@S4LTYT]

how much do you have

[@NoriAbrigon]

Me. And how much do I have? A lotttttt😁 💰💵💰

[@Unsilentmajority-1]

10,000 xrp and still buying

[@terrancepinkney777]

When I have a crypto question or need a crypto technology translator.. this is 100% my first stop on KZbin!! Another excellent video well done sir!

[@rhasta80]

Thank you so much for including subtitles on your videos. It so much better for us non native English speakers.

[@99Bitcoins]

CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers. Stay safe 🙏🏻🙏🏻🙏🏻

[@shin-ishikiri-no]

@@khangle1046 WTF... lol

[@claudiaclaudia936]

2021

[@renaat100]

Liking the video before fully watching it is a common thing I do and never regret. You are the BOSS.

[@fareedqumbargi9414]

I swear listening to this guy was like 10 articles I found combined. Emaculate performance easy to understand & great explanations, thank you!!! God bless all of you! Love y’all stay safe!!!

[@jonathantamonob2976]

Your explanation is very clear and well organized. I do find them are very helpful.

[@hineskittvelvett198]

Informative and unbiased video. The way it should be. Great Job!

[@eustpedro2876]

PERFECT DELIVERY = PAINLESS EDUCATION! Thanks a bunch Nate, keep going.

[@ChuckBox-]

Who here after XRP hit $2.62 ‼️‼️

[@lightyagami5584]

that's how u know we have been sleeping on this

[@BobGuillaume8]

Already at $3! I think its gonna skyrocket.

[@diamontie8]

Nate, you are the best educator in the complex world of cryptocurrency. Great style, great voice and diction and great delivery of clearly expressed educative information. Thank you for doing this show.

[@becomingintrinsic]

Your explanation was elegantly simple and helpful! Thank you!

[@saranshgokhale8298]

What a great video! Really crisp content, explained a lot in a short time

[@RAMKUMARRAMESHR]

Now only i start to see your video exactly 2.52 im your life time subcriber because i saw lot of videos all informations are explain by you in one single video you are such a gem person

[@deepanselvam5808]

Wow. 2 years ago still so relevant and resourceful. Thank you mate👍🏽

[@alphaomega1089]

Excellent breakdown. Easy to understand. The first of its kind.

[@corylyonsmusic]

The question of investing is exactly like you said, based on your belief of whether it will be adopted. The good thing is, you can get it for pretty cheap right now...so even if it doesn't go up in value or become adopted, you probably aren't losing much in the first place...unless you go all in on XRP only, which isnt the greatest idea in a currently speculative market. I own some XRP but I'm buying about 10 others as well.

[@elcryptoro1268]

I know this is an older post, but you are EXACTLY on point with your comment - it really is that simple...

[@craigaudio3592]

If you dont mind me asking, what else are you buying and in what percentages of your capital? looking at buying XRP and XLM and wondering what else to go for. I didnt pull the trigger and buy bitcoin at $600 :-(

[@corylyonsmusic]

@@craigaudio3592 XRP, VET, ADA are my main 3. I get a little bit of a few others here and there but those are the 3 I focus on.

[@craigaudio3592]

@@corylyonsmusic thanks. i will check those out :-)

[@corylyonsmusic]

@@craigaudio3592 yeah, there are many good potentials in the space, it just takes some time looking into them. I get a little BTC and Eth every week too for insurance lol

[@rezuhayr]

Awesome explanation and because of that I had subscribed this channel just now at early morning. And now i am still not boring. So informative! Very well done and thank you. Anyhow I wonder if anyone comment here from Malaysia? Hehehe ❤💆🏻‍♂️😊

[@99Bitcoins]

Thank you Rezu! Welcome aboard!

[@amaigus]

Phenomenal summary of the relevant issues. Explains the centralization issue nicely. Thank you!

[@retromoderndesigns]

2 years since you made this video. How do you feel about it now? Lots of banks are adopted it. Seems like a good buy

[@adiintel1]

its still shit.

[@DodZz666]

Which banks ?

[@senseimenharachantv1130]

@@DodZz666 Bank of America,American express,Royal Bank of Canada and many more. I just name a few.🔥

[@senseimenharachantv1130]

And now probably gold.

[@DodZz666]

@@senseimenharachantv1130 good luck to xrp then , I just find their model confusing . They don t seem like they are solving an issue . Just my opinion

[@Mark-kv6xt]

Fantastic video and explanation, thank you Nate

[@SlashingLennart]

I wanted to know what Ripple was, then I saw this dudes face yet again. My worries of never understanding were gone instantly.

[@kentvalentin2628]

Best explanation I have seen so far. Thank you 😊

[@1baybrook1]

I watched your video about a year and a 1/2 ago and decided to do some investigating on XRP long story short I invested and I'm a happy camper today

[@professorasandrahaddad8372]

This project is fantastic. We will soon see more central banks in countries adopting this technology. This currency has ultrafast transfer speed. The value is very outdated in relation to bitcoin and ethereum. Few people are watching this.

[@cristianbejan1970]

This is one of the best KZbin channels I've ever come across!

[@cryptotasha9153]

This is the most clear explanation I have heard. Thank you. Love 99 Bitcoins.

[@OlegCapovani]

Amazing explanation, this is definitely the best crypto currencies youtube channel!!!

[@akhilchandrashekar1725]

What are ripples competitors and how do they stack up ? Thank you

[@egv7468]

Thank you for this amazing explanation about XRP...

[@OzzHubs]

Hey man can you please update about the current issue with ripple and the big dip market

[@mr.bookman5961]

Ding, ding, ding! I finally understand! Thank you for simplifying this. Keep up the good work and don't stop.

[@susankhayr3918]

Although the video was two years ago, it is very informative and you are a very good teacher.

[@charlfloms3189]

Subscribed to this channel I like the way he explained everything , so many XRP channels over hyping XRP for years hoping the coin the go to the moon soon but will see what happens. I have 5090 XRP and will just leave it there and forget about it, thinking about investing on other alt coins like ethereum, so far the crypto market has been looking pretty bearish, bitcoin recently hitting $9600 only to fall back to $9100 currently sitting at $9270. Fun to watch these stuff and learn. Have a great day!

[@Guy-mx4fb]

What's the best place to buy

[@rameernam]

Thanks a lot for your great and detailed explanation about XRP and the future global Banking transactions.

[@TsetsiStoyanova]

Now i know it all....!

[@cosimo8854]

@@CarlosCastro94360 What flaws?

[@cristernicolhmanabat2798]

@@CarlosCastro94360 name that flaws now?

[@cosimo8854]

@@CarlosCastro94360 Any flaws or did you just spell fud wrong?

[@cosimo8854]

@Vi 4 Probably how we could summarise your IQ as well 🤣

[@cosimo8854]

@Vi 4 Given the level of *your* English, and the number of letters in *your* username, it's safe to say you're not the sharpest knife in the drawer 🤣 Diarrhea of the mouth and constipation of the ideas is mainly your problem.

[@---GOD---]

XRP makes a lot of sense for how the old world works... but it doesn't really fit in with the world of cryptocurrencies because 1) it's centralized (it's distributed, but it's not decentralized) 2) it's not trustless or permissionless (which is the main reason why it's centralized)

[@othxme8901]

That's exactly the point. This is why banks want to use it for a direct way to send money. Where do majority of people hold their money? You guessed it, the bank. It's solving a problem that 99% of these crypto currencies do not. When you really think about it most of crypto is useless and has no real world utility therefore it's worthless.

[@---GOD---]

@@othxme8901 banks don't care for XRP. Some institutions are working with Ripple because they're interested in the protocol and payment network for their own CBDCs not for XRP. Also, remittance has no bearing on the price of XRP. In fact, XRP would work best as a stablecoin. Too bad many banks are going to come out with their own CBDCs, making XRP even more useless.

[@othxme8901]

@@---GOD--- If these institutions are working with ripple then they will adopt XRP as a means to send money cross border. If there's a coin that has a network to function on already built, banks aren't going out of their way to create a new network.

[@johnholme783]

What payment providers use it?

[@koreenthomas4489]

Thank you this really broke it down and explained it very well then other videos I’ve seen

[@MahendMahendra-i7u]

Your exploration was elegantly simply and helpful thank you

[@thoralder4963]

Great, easy to understand exclamation the best so far that I’ve come across. Thank you.

[@99Bitcoins]

You're very welcome!

[@sharkdzung]

You're the master of explanation, mate. Even though I'm not a natve English speaker, and my English is not that good, I could get all the thing you said.

[@patricklucas8008]

I admire the way you explain such technical data in a way I can absorb the information.

[@elainek4000]

Your presentation of relevant information is impressive & just impeccable -- both as to your delivery & as to your content. Amazing. Thk u.

[@Johann_]

Hi, thanks for this video, very interesting. Do you think we will be able to exchange crypto through ripple too? 🤔 This would make decentralized currencies centralized when exchanged so I don't think they were created for that purpose but I still wonder 🤔🤔 I don't know if it is manageable with each blockchain either 🤔🤔🤔

[@mritunjaykumarverma4662]

Who are the validators ? and what are their incentive to validation ?

[@edwinmedina4338]

Im going back to watching what is bitcoin, this is a lot of info for a day. Subscribed btw. Will be back to this great info all around 👍

[@Jay_in_Japan]

3:04 this is the first time I've heard someone pronounce 2004 as "twenty oh four". I wonder if it's more common than I realize 🤔 Anyhow, great vid, very informative & easy to understand. Thanks!

[@degolyohannes542]

Your videos are concise and short. I lover it

[@alantew4355]

Don't understand the part on transaction fee is destroyed. If A pays B 100 XRP, and for this transaction A pays 1 XRP of transaction fee. Then who gets this 1 XRP and when it is destroyed, the person who gets the transaction fee would have nothing? If the validators are not paid for their validating service, then what motivates them to be a validator?

[@gene9744]

That's really great Nate. Not much explanatory sources for the crypto world. You are doing a wonderful job, that too in plain English. Its a great help for persons like me, who are non-English speakers. Thanks.

[@rashahalabi8806]

thank you for the clarification, please how can i own a name like usd.123?

[@TheMsaidmy]

What is factor to influnce the price are up and down compare tu usd?

[@SlitherHither-l9o]

Thank you to your explanations

[@spencercochran2891]

If I could upvote multiple times, I would send 20. Fantastic video man.

[@shockingvideos1158]

Man, I just want to say that your way of explaining is awesome. While I was listening to you, I was having feelings that I am sitting in a classroom and listening very important lecture and it is. 👍👏👍👌👏👌😎, please keep doing the very good work. Thanks

[@lydiaheelu2681]

Wow! Thank you for this wholesome yet simple explanation. Highly appreciated 🙏🏾🙏🏾

[@99Bitcoins]

You are very welcome

[@Jonnyrockin71]

Thank you. That was infomrative and gave me the information I was looking for. Perhaps an updated video?

[@99Bitcoins]

Sure thing!

[@alecread1069]

Nate you are a legend! Thanks for all of the simple yet detailed videos, I like The out takes at the end to 😂

[@99Bitcoins]

I appreciate that!

[@mobrelated5768]

This is an amazing channel for a simpleton like me . Thanks yo broke it down to my level (caveman) and I’m not walking away from the video dizzy and more confused

[@Xianpaul0523]

My question is. How could a bank entrust its money to ripplenet then send that money to another bank knowing that the value of xrp could go high or low within a second. That will not make sense because the amount they'd be sending could be lessen or add more values on it while sending?

[@aspiratedaloha2946]

This channel IS the best and has a bright future indeed

[@aaronwolf4211]

Great video as always! Also, thank you for the objective clarity. I see how XRP is certainly a good option in terms of replacing SWIFT but I have a lot of fundamental problems with how XRP functions, who it serves, and what its true “value” is. There are far too many people online who are convinced XRP is THE answer, will ultimately be THE cryptocurrency, and will moon to $5+. But I think the information you provide here makes it more than clear that the problems and limitations of XRP will only take it so far. I see its large volume coupled with its stagnant-to-decreasing price as indicative of how little value the network truly has in the grand scheme of things. Personally, I think Ripple Labs just didn’t have enough knowledge or foresight about incentives when they developed the XRP protocol. Even though Bitcoin and even Ethereum are slower, they still have far more value, far more volume, and have more of a fundamental utility that addresses the importance of incentives.

[@user-kq8rk1vd3u]

Great explanation well organised

[@inventortony8629]

so nice XRP price has a $ sign in front, not a cent sign after. all it needs now is a few commas in the price and $5.89 is a tight spread

[@jaredscanlon992]

Can someone explain the incentive to becoming a validator? To me, it seems like there's literally no gain other than a sense of accomplishment.

[@xajay305]

Just subscribed. Just excellent content. Thanks

[@koldendaffer3809]

If xrp coins get destroyed with the transactions, how how long would it take to deplete the pre mined 100b

[@bigglyguy8429]

All the comments are about how great the presentation was, no actual discussion about ripple? Seems legit...

[@etir4]

I think your video are TO GOOD ! I try to read the comment section to see what people actually think of the subject and all I see is positive comment about how good you explain haha ! i want some debate and personal opinion pls haha

[@p.stroker8920]

what does it mean for a bank to keep an open tab using IOU without ever closing it in the facilitation of bank-to-bank transfers?

[@jillpattridge1968]

Great work. Easy to comprehend what you say Love the bloopers at the end! 🤑

[@CryptoFlash-s3d]

Thanks a lot for this info! I’m setting up a similar miner on my wallet and sharing my journey on my channel. Keep the tutorials coming!

[@parthasarathyvenkatadri]

What is the incentive for the validators to continue doing what they are doing??

[@99Bitcoins]

Businesses depending on the XRP Ledger maintains and preserve the network to partake in the consensus process, so they have internal purpose to guarantee the security and maturity of the network.

[@shirleythess6136]

The incentives is the huge profit margin

[@kicn]

Very Good Explaination. 👍

[@smitakullu8881]

Hi Nate, Question:- How is Bitcoin different from Traditional Banking? 2 Can a Bitcoin wallet be stolen, hacked or freezed by your trading partners? Like it happens in Traditional banking for numerous reasons? 3 Do you think it's suitable for Indigenous societies which are largely dependent on Barter economy? Young ones have started using internet primarily for "Entertainment Only". Would you recommend those young ones to use Bit coins? Waiting for your reply. -Smita

[@DavidWardM]

Thank you for this one. Told me everything I need to know about XRP. There's no question that it is a centralized form of cryptocurrency. The absence of the "trustless" feature in bitcoin speaks volumes with regards to its role in the financial system. If you're a true cryptocurrency enthusiast, Ripple is the anti-thesis.

[@aureliabecker5093]

Agree very good and to the point content. Thank you

[@garnethc4710]

What network should I choose in sending xrp to binance?

[@aeron159]

thanks for the info. but how/where do i buy xrp?

[@mehrarobin]

Good explanation, ques - given local banks have invested in technology and now payment transfer between two banks local banks is in real time. There is still a gap for offshore payments/ transfer. Do you reckon ripple is still useable? or Current technologies may join forces and address this issue?

[@mofaith440]

Can you make an updated video of your xrp opinion

[@99Bitcoins]

Hi @Mo Faith, Thank you for your suggestion. We are taking a closer look at the fundamental differences between the information in this video and the current state of Ripple (XRP), and perhaps roll out the video. Thank you!

[@genegoodman5233]

How do I buy XRP, I guess they’re kept in a wallet, or is it like stock? You see I don’t understand this bitcoin thing, but I want/need to. Anything you can tell or help me with I would appreciate. Thanks Gene

[@99Bitcoins]

Hi Gene, well Ripple (XRP) and Bitcoin (BTC) are different forms of cryptocurrency. They are kept in digital wallets. For a good introduction, check out the free video series available on our website, 99bitcoins.com

[@suryarathore5921]

very helpful ive got now basic idea how it works thanks very much appreciate your efforts😊😊

[@MuschikLykins]

Thanks for the analysis! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?

[@라셀레]

This is the best of the best contents that I have ever watched cryptocurrency related videos. Very much thanks to teacher~!

[@themarcidofamily]

Awesome video. Thanks 😎 I’m hearing, ETH can reach $50,000 and Citi Bank, claims Bitcoin can reach 500k, in the near future. What are your thoughts?

[@nick27j]

Very good explanation, thanks

[@kahyeehor7816]

Thanks Nate. Precise great layman term presentation. May I know when xrp started for sale and initial price. Tqqq

[@yerlor2436]

Hi brother. How I do I do for get back My Rxp cion from? Becaus I fogot my password on Rxp wallet and now the wallet it's chage the news app how do i do?

[@guizhsui392]

So in order to transfer money internationally through Ripple, one needs to hold XRP to be able to use the system. Or the XRP is like a middle man? Does XRP token has any actual value, ie, can ppl use it to clear transaction or purchase of, say, groceries or furniture as such? Many thanks

[@plasticman2011]

Doesn't matter, the SEC is bringing Ripple's xrp down.

[@sergiov.8783]

Thank you for your simple and effective explanation. Viva Nicaragua!

[@eminemrokzz8182]

Sir please make a video of future of Bitcoin and other Cryptocurrency in India. As Gov is banning them here so will all my investment will be of no value or what.