Ripple is an innovative digital payment network and protocol introduced in 2012 by Chris Larsen and Jed McCaleb. Designed to revolutionize international money transfers, Ripple leverages XRP, its native cryptocurrency, to deliver lightning-fast and cost-effective cross-border transactions and currency exchanges. Unlike traditional payment systems like SWIFT, Ripple’s focus on supporting banks and financial institutions enables a more efficient, modernized payment experience.

One of the standout features of XRP is its distinctive consensus mechanism and sustainable approach to transaction validation. Instead of relying on energy-intensive mining, all 100 billion XRP tokens were created at the network’s inception, offering a more eco-friendly option. With Ripple Labs managing about 48 billion XRP in escrow, releasing up to 1 billion tokens monthly, they maintain a steady supply, helping to support price stability and encourage a balanced market environment for XRP. This approach ensures Ripple is well-positioned as a reliable, forward-thinking solution in digital finance.