What is Ripple XRP?

XRP is the native cryptocurrency on the Ripple network, and it consistently lists among the top 10 cryptocurrencies by market capitalization. Deposit $100 and get a $10 bonus! (US Only) What Is Ripple? Ripple is the company behind XRP, and it’s a payment settlement system and currency exchange network that can process transactions globally.

What is XRP (XRP)?

Ripple is a real-time, cryptocurrency gross-settlement system, currency exchange and remittance network created by Ripple Labs Inc, a US-based technology company. The company then created the XRP cryptocurrency, which it describes as a “digital asset built for global payments”.

Who invented XRP?

In 2012 David Schwartz, Jed McCaleb, and Arthur Britto launched the XRP Ledger, with its native currency XRP. In September that year, along with Chris Larsen, they founded the company that is today known as Ripple. The XRPL architects gifted 80 billion XRP to Ripple so that the company could build use cases around the digital asset.

What is XRP Ledger & how does it work?

There is an XRP Ledger, a blockchain-like network that facilitates payments in XRP, the digital currency issued by Ripple. The XRP crypto fits into its business model by serving as the fuel that powers its cross-border payments technology. Hence, XRP value is derived directly from its digital payment network and protocol.