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Course Outline
Introduction
- Overview of Ripple's history and development
- Key players and partnerships in the Ripple ecosystem
- Current industry adoption and trends
Real World Use Cases: Banks, Global Payments, and Digital Exchange
- Case studies of banks using Ripple for cross-border transactions
- Ripple's role in global payment networks
- Digital exchanges utilizing Ripple for currency trading
Overview of Bank-to-Bank Transfers
- Traditional bank-to-bank transfer methods
- Comparison between Ripple and traditional methods
- Benefits of using Ripple for bank transfers
Overview of Blockchain and Cryptocurrency
- Fundamentals of Blockchain technology
- Differences between Ripple and other Blockchain-based cryptocurrencies
- Security features of Blockchain in financial transactions
Ripple Architecture and Workflow
- Understanding Ripple's consensus ledger and transaction validation
- Overview of Ripple's payment channels and protocols
- Integration of Ripple with existing financial systems
Case Study: Ripple as an Alternative Remittance Option
- Analysis of Ripple's effectiveness in remittance services
- Comparison with traditional remittance options (e.g., Western Union)
- Future outlook for Ripple in the remittance market
Fiat Currencies and Ripple's XRP
- Relationship between fiat currencies and Ripple’s XRP
- How XRP is used to facilitate transactions
- Market dynamics and value fluctuations of XRP
Case Study: Targeting Visa and Swift
- Ripple's competitive positioning against Visa and SWIFT
- Advantages of Ripple in cross-border payments
- Potential challenges and opportunities in targeting major financial networks
Rippling Rules
- Understanding Ripple's rule set for transaction processing
- Compliance and regulatory considerations
- Customizing rules for specific financial applications
Catalog of Payments
- Types of payments that can be processed using Ripple
- Handling multiple payment types (e.g., retail, corporate, interbank)
- Real-world examples of Ripple payments
Cross Currency Payments
- How Ripple facilitates cross-currency transactions
- Using XRP as a bridge currency for cross-currency payments
- Real-time settlement of cross-currency transactions
Gateways and Transfer Fees
- Role of gateways in the Ripple network
- Calculating and managing transfer fees
- Best practices for minimizing costs in Ripple transactions
Buying Ripple Currency (XRP)
- Steps to purchase XRP on various exchanges
- Security considerations when buying and storing XRP
- Strategies for managing XRP as an investment
Making a Payment
- Step-by-step guide to making payments using Ripple
- Troubleshooting common issues in Ripple transactions
- Ensuring transaction security and compliance
Investing in Ripple
- Overview of investment opportunities in Ripple and XRP
- Risk assessment and management for Ripple investments
- Long-term outlook and potential returns
Summary and Next Steps
Requirements
- An understanding of financial transaction concepts
Audience
- Financial managers
- Bank managers
- Credit card company representatives
7 Hours
Delivery Options
Private Group Training
Our identity is rooted in delivering exactly what our clients need.
- Pre-course call with your trainer
- Customisation of the learning experience to achieve your goals -
- Bespoke outlines
- Practical hands-on exercises containing data / scenarios recognisable to the learners
- Training scheduled on a date of your choice
- Delivered online, onsite/classroom or hybrid by experts sharing real world experience
Private Group Prices RRP from €2280 online delivery, based on a group of 2 delegates, €720 per additional delegate (excludes any certification / exam costs). We recommend a maximum group size of 12 for most learning events.
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