What is Ripple (XRP)?

Website: https://xrpl.org/

Max Supply: XRP

Circulating Supply: 46.216.687.135 XRP

Total Supply:  99.990.343.580 XRP

Explorer: Ripple Explorer

Whitepaper: Ripple Whitepaper

What is Ripple (XRP)?

Ripple is a communication protocol used to send money via the internet with lower cost and effort and emerged in 2012. It is known to support currencies such as USD and TL, as well as payment instruments such as Bitcoin and Litecoin, other commodities and value units, as well as currencies such as USD and TL. Ripple; Its primary goal is to enable banks, payment providers, digital asset exchanges and companies to send money and value globally, in any size, securely, with low transaction fees and near free, using advanced blockchain technology.

It performs the sending of digital assets through a cryptocurrency called XRP on the blockchain. According to research, as of July 2020, XRP ranks fourth in market size among all cryptocurrencies. Ripple company is known to serve more than 300 financial institutions and more than 40 countries.

Ripple is a payment network system (RippleNet) that emerged in 2012. Cryptocurrency value is (XRP). Unlike many other cryptocurrencies, Ripple is a centralized cryptocurrency and although it is traded on the blockchain system, all traded ledgers are managed by the Ripple company.

The aim with Ripple is to transfer large amounts of assets and money quickly, reliably and cheaply, through the blockchain system, and to develop it as an alternative to swift in a sense. Brad Garlinghouse is the CEO of Ripple and has offices in many parts of the world.

We can say that Ripple is currently the third most market cap cryptocurrency after Bitcoin and Ethereum among cryptocurrencies.Having an institutional center has made Ripple's crypto money value a preferred crypto money and transfer system by companies that are providers of payment systems and banks.