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XRP is a token used for representing the transfer of value across the Ripple Network. The main purpose of XRP is to be a mediator for other - both cryptocurrencies and fiat - exchanges.

The new Symbol for XRP

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XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds.

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Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network.

After the XRP community raised the issue of XRP and Ripple having the same symbol, stating that it caused confusion as to the relationship between the company and the coin, a new XRP logo was suggested.

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Ripple and XRP are often used interchangeably. Technically speaking Ripple is the network and XRP is the coin or token on that network- yet XRP is often referred to as ripple. This is not entirely correct, but in general this does not cause any confusion. Ripple has a steady position in the top five crypto projects with the highest market capitalisation. In that sense, ripple is quite successful!

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Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native currency called XRP (ripples).

Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally

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XRP, unlike other cryptocurrencies, did not have a symbol that represents units of the asset. In order to distinguish XRP and better define it, a symbol was created to use it when writing the amount of XRP. This symbol will also be used to represent the asset in place of Ripple’s trademark, mainly the 3 connecting circles triskelion

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XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world.

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