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#XRP / What is Ripple Coin ❓

USA - Released 2013

High/Low Price Parity- 0.028/1.96💲

The native cryptocurrency of the Ripple network is #XRP . It is developed and regulated by the Ripple company.

Ripple's open source protocol and network are already used by banks and other institutions

The Ripple network positions itself not as a direct competitor to cryptocurrencies, but as an updated version of the SWIFT system used by banks

There is no mining process to mint new #XRP units

Only a fraction of the 100 billion previously issued units #XRP are in circulation

Ripple's main goal is to build a network that allows as many transactions as possible to run simultaneously as fast as possible. Ripple aims to attract the attention of major banks, remittance services and payment providers interested in the technology.

Considering these, it is easy to see that Ripple rivals financial infrastructure services such as SWIFT more than other cryptocurrencies.

The Ripple network does not run on a blockchain and its native cryptocurrency #XRP is not dependent on a Proof of Work algorithm like Bitcoin or Ethereum. Therefore, it does not require as much energy and computing power while allowing faster processing speeds.