Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company. Ripple is built upon a distributed open source protocol, and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes.
Ripple is designed to enable secure, instant and nearly free global financial transactions of any size with no chargebacks. It is currently being used by banks, payment providers, digital asset exchanges and corporations to make cross-border payments faster, cheaper and more reliable.
XRP is the native digital asset of the Ripple network. It is used to facilitate transactions between different fiat currencies, cryptocurrencies, and commodities. XRP can be used to bridge two different currencies quickly and efficiently, and it also serves as a liquidity tool for banks and payment providers.
XRP is the third-largest cryptocurrency by market capitalization, and it is currently trading at around $0.50. It has a total supply of 100 billion XRP, with a circulating supply of around 45 billion XRP.
Ripple and XRP are both important components of the global financial system, and they are being used by banks, payment providers, and corporations to make cross-border payments faster, cheaper, and more reliable. Ripple is also being used to facilitate transactions between different fiat currencies, cryptocurrencies, and commodities.
