Ever since Ripple took the spot in market cap from Ethereum for second largest cryptocurrency in the world, it’s been in the eye of the mainstream media. Everybody is talking about it and asking if it could be the next bitcoin. But does anybody actually know what it is? Does anybody know what its application is? It’s backed by large banks including Bank of America, who are using Ripple for certain payment systems in their institutions. It’s definitely going to shake up the cryptocurrency market.