Full Name: Ripple
Issue Date: 2011-04-18
Max Supply: 100 billion XRP
Circulating Supply: 39.245 billion XRP (2018-06-25)
Market Cap: $18.786 billion (2018-06-25)
XRP is the base currency of Ripple network, it can circulate through the entire Ripple network and gradually decreases as transaction increases. XRP and BTC are digital currencies based on mathematics and cryptography. The difference is that XRP has more powerful TPs, and shorter time required to complete the transaction. XRP has functions for the main bridge currency in the Ripple system and guaranteeing security, in which the function of guaranteeing security is indispensable. It requires that gateway participating in this protocol must hold a small amount of XRP.
Ripple provides one frictionless experience to send money globally using the power of blockchain. By joining Ripple’s growing, global network, financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets.