Xrp - Page 12
XRP is a digital cryptocurrency that operates on the XRP Ledger, a decentralized blockchain technology. Created by Ripple Labs in 2012, XRP is designed primarily for facilitating fast and low-cost international money transfers. Unlike many other cryptocurrencies, which are often mined, XRP has a fixed supply, with a total of 100 billion coins created at its inception.XRP serves as a bridge currency in Ripple's payment protocol, allowing for the seamless exchange of various fiat currencies without the need for traditional banking intermediaries. Transactions using XRP typically settle in a matter of seconds, making it a highly efficient option for cross-border payments. The primary goal of XRP and the XRP Ledger is to improve the speed and efficiency of international transactions, thereby enhancing the overall financial ecosystem.
