What is the difference between Ripple Management and traditional banking systems?

Ripple Management and traditional banking systems differ fundamentally in their approach to financial transactions. While traditional banking relies on a centralized infrastructure, Ripple utilizes a decentralized, peer-to-peer network. Traditional banks often rely on correspondent relationships to conduct cross-border transfers, resulting in delays and high costs. In contrast, Ripple's digital asset, XRP, acts as a bridge currency, enabling real-time, low-cost, and efficient global payments. Another key distinction lies in settlement times; traditional banks can take days to process transactions, whereas Ripple completes transfers within seconds. Additionally, the transparency and security offered by Ripple's blockchain technology set it apart, reducing fraud risks and providing an immutable record of transactions. These unique features make Ripple Management a modern, innovative alternative to traditional banking systems.