- Launched: 2012
- Creator: Ripple Labs (Ripple, Inc.)
- Purpose: XRP is designed primarily as a payment protocol and remittance network, focusing on fast, low-cost cross-border payments for financial institutions.
- Features:
- Fast Transactions: XRP transactions are completed in seconds.
- Low Fees: Ripple aims to offer cheaper international payments.
- RippleNet: Ripple’s global payment network, used by banks and financial institutions.
- Use Cases: Cross-border payments, remittances, and enterprise blockchain solutions.
- Status: XRP is among the top cryptocurrencies, often used by banks and payment providers.
Leave a Reply