Ripple - XRP
Crypto Knowledge
The Crypto Asset with the 4th highest market cap is Ripple (XRP). There is a lot of controversy around Ripple so here are the facts.
XRP the Cryptocurrency is a decentralized currency
Ripple the company is a company whose business is to promote the adoption of Ripple for institutional payments. (Payments between banks, governments, etc.)
The Ripple ledger can keep track of other exchanges other than exchanges of XRP, this has been where a lot of institutional adoption has occurred.
The Ripple company does hold the vast majority of Ripple at 55 Billion which they have locked away via escrow features of the XRP ledger. 1 Billion is unlocked each month for 55 months then it relocks. This is mainly to pay for the operation of the company and liquidity providers.
Like Bitshares and Lumens Ripple’s main use is for its fast cheap transactions.