ripple xrp cryptocurrency

In late 2021, Ripple began pushing for a clearer distinction between Ripple, the fintech company, and XRP, an independent cryptocurrency powering Ripple’s network. The move came as a result of most people in the cryptocurrency community using the “Ripple” name to refer to the platform’s underlying currency, which was a cause of much confusion over the years.  The XRP ledger uses distributed ledger technology (rather than blockchain technology) to support the transfer of tokens that represent fiat currency, cryptocurrency or any other unit of value. Since the protocol is completely open, anyone could access it without prior approval from Ripple Labs. This allows bank and non-bank actors to incorporate the Ripple protocol into their own systems. The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market.

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