What is XRP (XRP)?

XRP is a digital asset and cryptocurrency issued and partly managed by Ripple, a payment solutions company. May 29-31, 2024 - Austin, Texas The biggest and most established global hub for everything crypto, blockchain and Web3. Register Now

What is Ripple Labs XRP?

XRP is a cryptocurrency and token Ripple Labs uses to facilitate transactions on its network. XRP primarily enhances global financial transfers and the exchange of several currencies. Investors also use it to store value and profit from price fluctuations.

Who invented XRP?

In 2012 David Schwartz, Jed McCaleb, and Arthur Britto launched the XRP Ledger, with its native currency XRP. In September that year, along with Chris Larsen, they founded the company that is today known as Ripple. The XRPL architects gifted 80 billion XRP to Ripple so that the company could build use cases around the digital asset.

Could XRP become a reserve cryptocurrency?

However, greater adoption could give users more control over remittance payments. Finally, as more and more users adopt Ripple’s payment processing infrastructure, XRP could emerge as an important reserve cryptocurrency. XRP is a high-risk cryptocurrency investment.