In what ways are Ripple and Bitcoin different?

Unlike other decentralized digital currencies like Bitcoin, Ripple Coin is an alternative to a centralized digital currency. In this case, XRP regulation is overseen by the company's founder and focuses on large-scale transactions by institutions.
Furthermore, Ripple's primary goal is to process commodity payments settlements, currency exchanges, and money transfers for the financial services industry. When it comes to the replacement of fiat currency, Ripple isn't a viable option. However, it aims to speed up the payment process in a matter of seconds and eliminate the costs of exchanging currencies. This means that SWIFT could be replaced by Ripple.