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XRP is the cryptocurrency used by the Ripple payment network. This virtual currencys main goal is to help individuals and financial companies process fast and cheap cross-border transfers. In this article we will answer the question What is Ripple and will show you how it works and how you can start using it.
XRP is the Ripple platforms native cryptocurrency. It is largely spearheaded by Ripple a for-profit company based in San Francisco. Compared to Bitcoin BTC which uses a distributed blockchain whose transactions are processed and secured by proof-of-work mining XRP transactions are processed by a network of trusted validators on the XRP.
It is largely spearheaded by Ripple a for-profit company based in San Francisco.
This fact alone makes us take a closer look at the Ripple project. Compared to Bitcoin BTC which uses a distributed blockchain whose transactions are processed and secured by proof-of-work mining XRP transactions are processed by a network of trusted validators on the XRP. This virtual currencys main goal is to help individuals and financial companies process fast and cheap cross-border transfers. The company describes it as a digital asset built for global payments. The cryptocurrency XRP hit 1 on Tuesday morning EDT amid a surge in price that has seen the value of each coin increase by over 38 percent in the last 24. XRP is faster more scalable more efficient and better for our planet when compared to Bitcoin.