What is XRP & how does it work?

XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement.

What is Ripple's XRP technology?

"Ripple is uniquely positioned to solve these problems as a multi-currency distributed financial technology with a native digital asset, XRP, that directly bridges any two currencies. By using XRP, liquidity providers reduce operational costs and have the opportunity to specialize in certain currency corridors.

What is ripple on Reddit?

Welcome to the Reddit Ripple community! Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset.

How many XRP coins does ripple own?

The organisation placed about 55 billion of the XRP coins it owns in a secured escrow account, from which it can release one billion coins every month. However, Ripple has never released such quantities to the market with any regularity. Rather confusingly, Ripple is not involved in physically sending money from one place to another.