Discover whether Ripple is a cryptocurrency or not. Get insights into the characteristics and uses of Ripple, also known as XRP. Learn about the decentralized network RippleNet, cross-border transactions, and the digital payment protocol.

Is ripple crypto?

Yes, Ripple is a cryptocurrency.

Ripple (XRP) is a digital asset and a distributed payment protocol that enables fast, low-cost international transfers of money. It was created in 2012 by Ripple Labs Inc., a technology company specializing in the development of blockchain-based solutions for the financial industry.

Ripple functions as both a cryptocurrency and a digital payment protocol. It operates on a decentralized network known as the RippleNet and uses its native currency, XRP, for facilitating cross-border transactions.

Last updated 10/23/2023, 7:14:05 PM

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