Category: Ripple

Ripple (XRP) is a cryptocurrency that Ripple Labs created in 2012. It is designed to be a fast and low-cost way to transfer money internationally. Ripple’s technology is based on a decentralized digital ledger called the XRP Ledger, which uses a consensus algorithm to validate transactions and maintain the network. Ripple’s goal is to provide a more efficient and cost-effective alternative to traditional payment systems such as SWIFT, which can be slow and expensive. Ripple’s native cryptocurrency, XRP, is used as a bridge currency to facilitate cross-border transactions and is also traded on various cryptocurrency exchanges.