Ripple is a scam to round up as many Bitcoins and Ethers as they can. When bitcoin is $200,000, Ripple will still be $2-3.

Yes. From what I understand researching this company and currency for a couple of months, ripple's technology eliminates the middle-man banks that are involved in cross-border payments , thereby eliminating the fees they all charge, and also reduces the time taken for the funds to reach destination from 3 - 5 days or more, down to 3 seconds.

They use XRP, the ripple crypto currency to hold the sender and receivers funds during the transaction.

See also this video that explains it really well => https://www.youtube.com/watch?v=Q2YHhLkOO9g

and this one, which is more technical and explains their blockchain technology / xCurrent software. https://www.youtube.com/watch?v=bU79HunxJp8