XRP is the name of the digital currency that runs on the Ripple payment network, a fiat currency alternative used to facilitate international trade. Some people call it the “Bitcoin of banks” because it can be transformed into a financial system. XRP is limited. Up to $ 100 billion can be created and no more can be created. The current XRP has been available since 2012 and is an amalgamation of several older protocols. The XRP Ledger is a distributed system that manages the network and the lifecycle of each XRP transaction.
The XRP Ledger or simply XRP (formerly called Ripple) is a free software project and payment protocol that pursues the development of a credit system based on the peer-to-peer paradigm. Each node in the network functions as a local exchange system, such that the entire system forms a decentralized mutual bank. Some consider that implemented to its fullest extent, this network would constitute a decentralized social network service based on honor and trust between its participants at a global level (in this way, its financial capital is based on social capital). A reduced version of the network would consist of an extension of the traditional banking system in which there would be alternative payment routes that would not depend on central banks.
Xrp has been adopted by several countries, which indicates that it will have a great impact when it is time to take on the challenge of a possible change in the economic system as we know it....
Here is one of the Simpsons' predictions...
