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Ripple is a real-time gross settlement system that also supports fiat currency, cryptocurrency, and commodity exchanges and remittances. The native cryptocurrency of the platform are Ripples, abbreviated as XRP.

Ripple was made by the Ripple company, but can function without it due to its shared ledger. Used by companies such as UniCredit, UBS and Santander, Ripple has been increasingly adopted by banks and payment networks as settlement infrastructure technology because of the payment’s speed within the network, stability of the technology, and the ability to its coin as a bridge currency.

There were 100 billion XRP created at Ripple’s inception, which is the currency’s cap according to the protocol’s rules. Of the 100 billion created, 20 billion XRP were retained by the creators and the remaining 80% of the total were given to Ripple Labs for sale.

Coinbase, Ripple Leave Top 10 of LinkedIn's ‘Hottest’ Startups List

Coinbase, Ripple Leave the top 10 from the “Most Recent Companies” list on LinkedIn

Cryptocurrency exchange Coinbase and Ripple, the blockchain startup behind XRP, have fallen out of the highest ten...
Ripple Transfers 500 Million XRP From Its Escrow Wallet 2019

Ripple transfers 500 million XRP from its 2019 guarantee portfolio

Fintech startup Ripple transferred five hundred million XRP tokens from its written agreement pocketbook on Sept. 3,...
Price Analysis 02/09; BTC ETH XRP BCH LTC BNB EOS BSV XLM XMR

Price Insights for 02/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XLM, XMR

The total market capitalisation of cryptocurrencies has once more bounced from slightly below the $250 billion mark,...