Ripple is a distributed blockchain digital currency and an open payment system within its protocol. XRP, created by Ripple Labs in 2012, is the native digital currency for monetary transactions on the Ripple network. It is used mainly to allow instant cross-border money transfers to different countries.
Ripple looked different from other cryptocurrencies at its inception due to its unique architecture. It is a common phenomenon among banks and financial institutions to use technology to expedite the typical time of days needed for international payment processing by compressing it into seconds.
xrp price prediction 2025, It is important to note that Ripple does not run proof-of-work or proof-of-stake and uses a consensus ledger to allow for faster validation and transaction processing. A bridge currency allows any currency to be converted to another in seconds. Ripple Labs has 100 billion XRP in total supply (though it owns a significant portion).
Ripple—long rumored to be pursuing the move, despite facing legal action from the U.S. Securities and Exchange Commission that it’s an unregistered security called XRP—is now contemplating taking up sticks. XRP is one of the biggest cryptocurrencies on planet Earth and is widely used in real-world payment scenarios.