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This operation takes a while and cannot be stopped, check your address before confirming. This article is semi-protected until February 5, 2018. Released in 2012, Ripple purports to enable “secure, instantly and nearly free global financial transactions of any size with no chargebacks. The network can operate without the Ripple company. Ripple system have a number of advantages over cryptocurrencies like bitcoin,” including price and security. Vancouver, and his intent was to create a monetary system that was decentralized and could effectively allow individuals and communities to create their own money. 2005 as a financial service to provide secure payment options to members of an online community via a global network.