#XRP
What is XRP?
XRP is a digital currency launched in 2012 by *Ripple Labs* (based in San Francisco). Its primary goal is not to be a "currency for the people" like Bitcoin, but *a bridge for financial transfers between banks and companies across borders quickly and with minimal fees.*
The difference between XRP and Ripple
- *Ripple*: the company and technology (the network is called RippleNet).
- *XRP*: the digital currency that operates within the network as a "bridge currency."
This means a bank can transfer dollars → XRP → Japanese yen in 3-5 seconds, without needing prior accounts in each country (nostro/vostro).
What is XRP?
XRP is a digital currency launched in 2012 by *Ripple Labs* (based in San Francisco). Its primary goal is not to be a "currency for the people" like Bitcoin, but *a bridge for financial transfers between banks and companies across borders quickly and with minimal fees.*
The difference between XRP and Ripple
- *Ripple*: the company and technology (the network is called RippleNet).
- *XRP*: the digital currency that operates within the network as a "bridge currency."
This means a bank can transfer dollars → XRP → Japanese yen in 3-5 seconds, without needing prior accounts in each country (nostro/vostro).