Ripple (XRP)

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    Ripple is a San Francisco-based technology startup company, and it is also the name of the payment protocol and associated cryptocurrency, also developed by the company. Ripple released 100 billion XRP tokens at the get go – and this is the maximum amount of tokens there will ever be. This is in contrast to other cryptocurrencies such as Ether which essentially has no limit to the number of tokens it can release or Bitcoin which has to be ‘mined’ and will eventually reach a maximum amount of coins. XRP was actually intended as a ‘bridge currency’ for financial institutions, to allow them to make simple, fast, cross-border payments, without the need for multiple middlemen, or the huge fees usually associated with these types of transactions.

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