The video refers to the book "Fintech Business Models" by Matthias Fischer, published in February 2021. How are cryptoassets used in the traditional financial system? The use of cryptoassets offers banks and other financial institutions the possibility to decrease costs and improve service quality. Ripple’s digital asset XRP complements RippleNet as a bridge currency to enable quick payment transactions even in illiquid currency markets. How do Ripple’s applied technologies differ from distributed blockchains used for Bitcoin? Unlike the crypto-pioneer Bitcoin, Ripple does not manage a distributed blockchain but a large decentralized database. Ripple’s register contains “I owe you’s”. Which steps are necessary to process a payment made through RippleNet? What are now the benefits for financial institutions when using XRP as a bridge currency? Ripple’s digital asset XRP and the XRP ledger are open-source, permissionless, decentralized blockchain technologies. The use of XRP allows banks to offer high-speed payment processing and settlement around the clock. Institutions also free up capital previously held in pre-funded accounts in the currencies of the payment recipients.