XRP is different from other cryptocurrencies in that it is owned by a single company (Ripple) and not by a decentralised network. It also does not position itself as an alternative to traditional currencies. Instead, XRP wants to be a kind of middleman currency to allow global trade between any unit of value, like from cryptocurrencies such as Bitcoin to euro or other fiat currencies. Ripple already works closely with banks and financial institutions.
XRP is a cryptocurrency issued by a single company called Ripple
Unlike other cryptocurrencies, XRP is not run by a decentralised network
XRP wants to be a middleman to allow global exchanges between cryptocurrencies and other currencies
Ripple’s open-source protocol is already used by banks and other institutions
Anyone can buy, sell, send and receive XRP on crypto exchanges
There’s no mining process to mint new units of XRP
The pre-mined amount of XRP is 100 billion units
Ripple market stats
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