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What is XRP (XRP)?
XRP is a cryptocurrency platform built on the idea of a distributed ledger network. The transactional protocol for Ripple is actually XRP. Unlike other cryptocurrencies, XRP transfers are immediate and do not require typical confirmation time. Ripple was originally founded by Ripple Labs and is backed by the company. It has a fixed supply of 100 billion XRP tokens. Ripple Labs holds around 60 billion XRP tokens. The company uses XRP to enable faster banking transactions worldwide. Ripple Labs plans to leverage the technology behind XRP for new projects and acquisitions.
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