$XRP

Ripple — a real-time gross settlement system, currency exchange, and remittance network developed by Ripple Labs. It is also sometimes referred to as the Ripple Transaction Protocol (RTXP) or simply Ripple protocol. Built on a distributed open-source internet protocol, a consensus ledger, and its own cryptocurrency called XRP. Launched in 2012, Ripple aims to provide 'secure, instant, and nearly free global financial transactions of any size with no chargebacks.' It supports tokens that represent fiat currency, cryptocurrency, commodities, or any other unit of value, such as miles for frequently flying passengers or mobile minutes. Essentially, Ripple is based on an open distributed database or ledger that uses a consensus process to enable payments, exchanges, and remittance of funds in a distributed ledger.