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XRP
XRP
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What Is XRP (XRP)?

To begin with, it’s important to understand the difference between XRP, Ripple and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database.

The RippleNet payment platform is a real-time gross settlement (RTGS) system that aims to enable instant monetary transactions globally. While XRP is the cryptocurrency native to the XRP Ledger, you can actually use any currency to transact on the platform.

While the idea behind the Ripple payment platform was first voiced in 2004 by Ryan Fugger, it wasn’t until Jed McCaleb and Chris Larson took over the project in 2012 that Ripple began to be built (at the time, it was also called OpenCoin).

btc

XRP

XRP
btc

Dollar

USD
Bitcoin Price Today
Price $0.62
Price Change $0.01
icon-up1.08%
24h Low / 24h High $0.60 /
$0.64
Trading Volume $1,724,756,713.60
Volume / Market Cap 0.05086
Market Cap $33,912,091,915.49

What Is XRP (XRP)?

To begin with, it’s important to understand the difference between XRP, Ripple and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database.

The RippleNet payment platform is a real-time gross settlement (RTGS) system that aims to enable instant monetary transactions globally. While XRP is the cryptocurrency native to the XRP Ledger, you can actually use any currency to transact on the platform.

While the idea behind the Ripple payment platform was first voiced in 2004 by Ryan Fugger, it wasn’t until Jed McCaleb and Chris Larson took over the project in 2012 that Ripple began to be built (at the time, it was also called OpenCoin).

Market

Coinbase market 9.8
Best For

Best for Buying Cryptocurrencies With Your Fiat Money

Operating Countries

US, EU, AS, AF, Australia

Verdict

A Reliable, Well-Know And Respected Cryptocurrency Exchange Platform.

Binance market 9.8
Best For

Best For Beginners Or Advanced Users

Operating Countries

US, EU, AS, AF

Verdict

One Of The Leading Crypto Exchange Platforms In The Industry

Coinmama market 9.8
Best For

Best for Firt-Time Buyers

Operating Countries

US, EU

Verdict

Good Cryptocurrency Broker Exchange