XRP is the coin powering the Ripple network. It’s a distributed ledger specially built for fast and cheap transactions. It is often criticized as being centralized, since the company Ripple Labs owns a major part of the tokens, and works on the development and adoption of the protocol. Ripple sees itself as a supporter of banks and financial institutions, in stark contrast to other cryptocurrencies, e.g. Bitcoin, that want to disrupt and replace the status quo of finance. XRP aims to provide fast, cheap, almost instant cross border payments in the future.
Ripple News Ticker
Jul 25 2020 Visa to offer payments in Bitcoin, Ether, XRP
Jan 24 2020 Is Ripple IPO coming in 2020?