Trade, Issue, and Send Directly on the Ripple Network
What is The World Exchange?
Imagine being able to send money, credit, assets – any form of ownership or value – to anyone anywhere in the world in mere seconds. Then imagine being able to trade or bid on those same items online with anyone else without having to rely on any services in between. And finally imagine being able to actually issue your own symbols as well to represent anything you can think of – new currencies, companies, debt, even countries or people – anything – with just a few mouse clicks. Just like that, your new symbol is tradable 24/7 by anyone with its value determined completely by the free market. All this is made possible by blockchain technology, the one used here specifically being the Ripple network.
The World Exchange is an exchange in name only. There are no back-end servers that process, receive, transact, or store any information. We chose the name to help the general public see past the buzzwords and better visualize just what blockchain is capable of in everyday use. In actuality, the site is simply a user interface to the already existing Ripple network, a blockchain technology that, like many others, is not only a currency but a full-fledged, decentralized exchange.
Instantaneous Transactions and Automatic Conversion
Say goodbye to ACH, bank wires, SWIFT, T+2 settlement, and other slow 20th century financial technologies. Money and virtually any other asset can now be sent instantly anywhere in the world, and unlike Bitcoin or other blockchain-based technologies, you never have to deal with any currency other than the one you’re already using. If you offer something for USD, others can automatically buy it with EUR, BTC, XRP, and any other denomination as well. They can even buy it directly with assets that aren’t money to begin with. Shares can be exchanged directly for other shares, commodities for loans, private equity for bonds, etc. All the liquidity and conversion is done behind the scenes, so all markets are on one global, interconnected orderbook. You can now send and trade pure value in real-time.
