Ranked in these QuestionsQuestion Ranking
Pro More Transparent than Banks
Not as good as BTC or LITERALLY ANY decentralized coin/token. But, you gotta hand it to them.
Pro Currency agnostic
In addition to their own cryptocurrency, XRP, Ripple's network can transfer other cryptocurrencies such as Bitcoin, fiat currencies, gold, IOUs, frequent flyer miles and so on.
Pro Real-time international money transfers
Transactions are confirmed in seconds, not minutes.
Pro No mining required
XRP's cap of 100B units has already been generated.
Pro Allows issuing debt via IOUs
Pro Can pay directly to Bitcoin users
Con Not Decentralized
It is very centralized, worst than even most banks.
Con The network is proprietary
Not anonymous, transactions can easily be tracked.