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XRP is a digital asset and a payment system created by Ripple. The coin is based on the Ripple protocol and is used by banks and other financial institutions to make fast, cheap and reliable global payments.

Ripple was founded in 2012 by Ryan Fugger and Jed McCaleb. The company is based in San Francisco and has more than 100 employees.

XRP is not a cryptocurrency like Bitcoin or Ethereum. It is a digital asset that uses blockchain technology. XRP is not mined, but is instead created through a process called “ripple issuance.”

XRP is used by banks and other financial institutions to make fast, cheap and reliable global payments. Ripple has partnerships with more than 60 banks and has processed more than $1 billion in transactions.

XRP is not a security and does not have a fixed supply. The coin can be exchanged for other currencies and is used to purchase items on the Ripple network.

XRP has been criticized for its high price and volatility. The coin was worth less than $0.10 per coin in January 2018 but has since increased in value to more than $3.00 per coin. XRP is considered to be a “digital asset” and is not regulated by the US government like Bitcoin and Ethereum.

View their WIKI Page here: https://en.wikipedia.org/wiki/Ripple_(payment_protocol)