$XRP

What is Ripple or XRP?

Ripple has a dual function. It is a category of platform and, at the same time, a currency.

As open source, its function is to carry out fast, cheap and efficient transactions, so that it can be used as a mechanism to carry out different types of interactive operations.

It is characterized by its security and speed, so much so that it can be completely trusted, which is why it is used daily by many users.

In this case, it has the ability to control and carry out international transactions, unlike Bitcoin, which fundamentally did not work as a payment system. This is where RippleNet, a network of payment providers, plays an important role. They function as banks that work with money services in order to send money to all parts of the world; that is, something similar to a credit card. Therefore, it can be identified as a very complete system that maintains an international connection, an essential element for doing business on the Internet.

On the other hand, it should be noted that Ripple has its own currency: XRP. It allows fast transactions so that traders can operate efficiently in a matter of seconds. Therefore, it can process up to 1,500 transactions at a time. In this way, it differs from Bitcoin, with which the transaction essentially takes much longer, up to several minutes; instead, XRP does it in a single second. This guarantee encourages professionals in the sector to decide to use Ripple as a means of payment.