What is Ripple XRP?

The company describes the XRP coin it produces as an “iindependent digital asset”. Ripple says that the coin is used within its suite of products, but that it does not have control over the technology. There is a maximum supply of 100 billion XRP tokens and the company controls about 60% of them.

What is XRP & xrpl?

Fast and green, the digital asset XRP was built to be the most practical cryptocurrency for applications across the financial services space. Companies, institutions, developers and individuals around the world use XRP and the blockchain on which it runs, the XRP Ledger (XRPL), because of its extraordinary utility.

Who invented XRP?

In 2012 David Schwartz, Jed McCaleb, and Arthur Britto launched the XRP Ledger, with its native currency XRP. In September that year, along with Chris Larsen, they founded the company that is today known as Ripple. The XRPL architects gifted 80 billion XRP to Ripple so that the company could build use cases around the digital asset.

How many XRP tokens does ripple own?

There is a maximum supply of 100 billion XRP tokens and the company controls about 60% of them. The organisation placed about 55 billion of the XRP coins it owns in a secured escrow account, from which it can release one billion coins every month. However, Ripple has never released such quantities to the market with any regularity.