$XRP What is Ripple (XRP)?

Unlike most other cryptocurrencies, XRP is controlled by a single company called Ripple.

The company Ripple is developing and issuing the XRP cryptocurrency native to the Ripple network.

The open-source protocol and network of Ripple are already being used by banks and other institutions.

The Ripple network is positioning itself not as a direct rival to cryptocurrencies, but as a more updated version of the SWIFT system used by banks.

There is no mining process to mint new units of XRP.

There is a pre-mined amount of 100 billion units of XRP, but only a fraction is in circulation.