Comparison between Ripple and Raiden Network
How Raiden differentiates between other payment tokens is that Raiden allows all ERC20 (and ETH) tokens to move instantaneously and with some modifications (contract wrapping) non-ERC 20 tokens too. Whereas XRB, XRP, BTC, etc can only move their own respective assets and within their own respective network.
The main idea behind Raiden is that it wants to create a massive network of payment channels that links everyone; it can operate almost entirely on it's own and without any banking system (that's the goal). However, it is very likely that a banking system will integrate Raiden into their own network (good or bad... you decide).
We urge people to look into the Raiden Network (RDN) soon. With a marketcap of $300 million it will easily 7x within the next 6 months for a target of $2.2 billion marketcap assuming no further press updates or releases.
Raiden Network - https://coinmarketcap.com/currencies/raiden-network-token/