Ripple (XRP) 1 is a project based on a small free software that pursues the development of a credit system based on the end-to-end paradigm. Each Ripple node functions as a local exchange system, in such a way that the entire system forms a decentralized mutual bank.
Taken to the extreme, the Ripple network is a distributed social network service based on the honor and trust among existing people in real-world social networks. In this way, financial capital is based on social capital.
A reduced version of the ripple network would consist of an extension of the existing hierarchical banking system, in which there would be alternative payment routes that would not pass through a central bank.