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XRP and how does it work?
What is XRP?
To understand the origins of $XRP , it’s important to know what Ripple is, because they’re not the same thing. Ripple is a fintech company founded in 2004 under the name Ripplepay. The company’s primary goal was to make international transactions cheaper and faster. In 2012, the company entered the cryptocurrency space when David Schwartz, Jed MacCaleb, and Arthur Britto bought Ripplepay and created XRP, a digital asset that was intended to drive innovation in financial payments. XRP is now the native token on the XRP Ledger (XRPL), which is a distributed, open-source, decentralized blockchain. However, the question of decentralization remains open, as Ripple owns 50% of the circulating supply of 57,818,864,895 XRP.@Cryptoland_8
To understand the origins of $XRP , it’s important to know what Ripple is, because they’re not the same thing. Ripple is a fintech company founded in 2004 under the name Ripplepay. The company’s primary goal was to make international transactions cheaper and faster. In 2012, the company entered the cryptocurrency space when David Schwartz, Jed MacCaleb, and Arthur Britto bought Ripplepay and created XRP, a digital asset that was intended to drive innovation in financial payments. XRP is now the native token on the XRP Ledger (XRPL), which is a distributed, open-source, decentralized blockchain. However, the question of decentralization remains open, as Ripple owns 50% of the circulating supply of 57,818,864,895 XRP.@Cryptoland_8
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