What is XRP and how does it work?
What is XRP and how does it work?
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XRP by the ripple company is a cryptocurrency and global payments network just like Western Union but runs on a blockchain called ripple net, known as the internet of value. Transfers of funds happen within 4 seconds with low transfer fees and an eco-friendly network that doesn’t require the energy of mining. There were 100 billion XRP coins created that are currently worth over 70 billion with no plans to create anymore. XRP is anti-fraud compliant with regulatory reporting in place which makes it a secure choice for its partners such as American Express. Ripple is also developing a line of credit system where its partners can send money now but pay later.
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