What is Ripple (XRP)
Ripple is the organization that has developed the Ripple Consensus Ledger. In this way, Ripple functions both as a forum and as a currency. Ripple creators use an open-source protocol to offer a host of advantages to consumers. These benefits include safe, simple and inexpensive transactions.
However, Ripple is not intended to act solely as a currency such as Bitcoin. Whereas Bitcoin was intended as a way of circumventing the conventional banking system, Ripple has a very different market niche. The network has been designed to fill the divide between conventional financial institutions and the blockchain market.
Importantly, Ripple (XRP) is distinct from many other common cryptocurrencies for some key reasons. In the main, it differs from the market because it was produced by a corporate, non-profit organization. Ripple also has branches in San Francisco, New York, London, Sydney, Luxembourg, Singapore and Mumbai. The company represents more than 300 financial institutions in more than 40 countries.
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