{"id":3513,"date":"2020-05-20T07:40:03","date_gmt":"2020-05-20T14:40:03","guid":{"rendered":"https:\/\/coincentral.com\/?p=3513"},"modified":"2020-05-28T16:39:50","modified_gmt":"2020-05-28T23:39:50","slug":"what-is-ripple-xrp","status":"publish","type":"post","link":"https:\/\/coincentral.com\/what-is-ripple-xrp\/","title":{"rendered":"What Is Ripple (XRP)? | A Complete Guide to the Banking Cryptocurrency"},"content":{"rendered":"<h2>What Is Ripple?<\/h2>\n<p><span style=\"font-weight: 400;\">Ripple is a privately held company that aims to create and enable a global network of financial institutions and banks. It does so by using the RippleNet blockchain software to lower the cost of international payments. Ripple calls the global network using this software the \u201cInternet of Value.&#8221;<\/span><\/p>\n<p><script type=\"text\/javascript\" src=\"https:\/\/files.coinmarketcap.com\/static\/widget\/currency.js\"><\/script><\/p>\n<div class=\"coinmarketcap-currency-widget\" data-currencyid=\"52\" data-base=\"USD\" data-secondary=\"\" data-ticker=\"true\" data-rank=\"true\" data-marketcap=\"true\" data-volume=\"true\" data-stats=\"USD\" data-statsticker=\"false\">\u00a0<\/div>\n<p>If you&#8217;re confused about Ripple (XRP), don&#8217;t worry\u2013 many people are.\u00a0<\/p>\n<p><span style=\"font-weight: 400;\">The term Ripple is often used to describe the digital currency XRP, the open payment network on which that currency is transferred, as well as the holding company behind the whole project.<\/span><\/p>\n<p><b>The XRP ledger is an open-source product created by Ripple<\/b><span style=\"font-weight: 400;\">. It was created to solve a major point of friction in international payments, pre-funding of nostro\/vostro accounts. Banks can use XRP to source liquidity in real time. Payment providers can also use it to expand reach into new markets, provide faster payment settlements, and lower foreign exchange costs. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ripple is essentially taking a stand against what they call \u201cwalled gardens\u201d of financial networks consisting of banks, credit cards, and other institutions such as PayPal. These organizations tend to restrict the flow of money with fees, currency exchange charges, and processing delays.<\/span><\/p>\n<p>In this guide, we&#8217;ll walk you through:<\/p>\n<ul>\n<li><a href=\"#ripples-opportunity\">Ripple&#8217;s Opportunity<\/a><\/li>\n<li><a href=\"#how-does-ripple-work\">How Does Ripple Work?<\/a><\/li>\n<li><a href=\"#ripple-supply-structure\">Ripple&#8217;s Supply Structure<\/a><\/li>\n<li><a href=\"#ripple-centralized\">Is Ripple Centralized?<\/a><\/li>\n<li><a href=\"#buy-store-xrp\">Where to Buy and Store XRP<\/a><\/li>\n<li><a href=\"#invest-ripple-xrp\">Should You Invest in XRP?<\/a><\/li>\n<li><a href=\"#final-thoughts\">Final Thoughts<\/a><\/li>\n<li><a href=\"#additional-ripple-resources\">Additional Resources<\/a><\/li>\n<\/ul>\n<h2 id=\"ripples-opportunity\"><span style=\"font-weight: 400;\">Ripple\u2019s Opportunity<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When you think about it, the state of the global payments industry is weirdly behind. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">We can stream and download entire artist discographies on our phone in the middle of a forest. Yet, sending a few digits of currency to your grandma in Japan (if you don\u2019t have a grandma in Japan, use your imagination) requires fees and processing time. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The technology for easy global payments already exists. So why is the global payments industry so far behind?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Well, it wouldn\u2019t be a stretch to assume that the financial institutions collectively making trillions of dollars on payment fees aren\u2019t racing to innovate a system that puts money in their pockets. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The financial industry also tends to keep pertinent information shrouded in complicated financial jargon tripping up the average person. Words such as \u201ccollateralized debt obligations\u201d and \u201cquantitative easing\u201d have established the financial realm in an esoteric curtain. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, instead of taking a \u201cburn it to the ground\u201d approach that many cryptocurrency ideologists have adopted, Ripple aims to work with the current financial world. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The equivalent of roughly $155 trillion dollars moves across borders every year. For the sake of example, let\u2019s assume that everyone uses PayPal, which charges a 2.9% fee for each transaction. This means that about $4,495,000,000 ($4.495 trillion) of global payments goes straight to Paypal (or another institution). To add insult to injury, these payments usually take days to process.<\/span><\/p>\n<h2 id=\"how-does-ripple-work\"><span style=\"font-weight: 400;\">How Does Ripple Work?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">So, the opportunity for something like <\/span><a href=\"https:\/\/coincentral.com\/making-the-case-for-ripple-xrp\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Ripple to shake things up<\/span><\/a><span style=\"font-weight: 400;\"> is there. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">You&#8217;re skeptical. We get it. There are dozens of starry-eyed altcoins saying \u201cIf we could only grab X% of this (insert incomprehensibly large, extremely competitive, and generally unattainable market), we\u2019d be a dominant player in the industry.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ripple was initially launched in 2012. The thing is, it&#8217;s already a revenue-producing company with over <\/span><a href=\"https:\/\/www.cnbc.com\/2017\/10\/10\/ripple-has-over-100-clients-as-mainstream-finance-warms-to-blockchain.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span style=\"font-weight: 400;\">100 financial institutions on its blockchain network<\/span><\/a><span style=\"font-weight: 400;\"> including Standard Chartered Bank, Westpac, Banco Santander, and BBVA.<\/span><\/p>\n<figure id=\"attachment_14456\" aria-describedby=\"caption-attachment-14456\" style=\"width: 1222px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-14456\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2017\/10\/Screenshot-2018-10-23-13.59.14.png\" alt=\"A Short List of Ripple's Customers\" width=\"1222\" height=\"365\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2017\/10\/Screenshot-2018-10-23-13.59.14.png 1222w, https:\/\/coincentral.com\/wp-content\/uploads\/2017\/10\/Screenshot-2018-10-23-13.59.14-591x177.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2017\/10\/Screenshot-2018-10-23-13.59.14-621x185.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2017\/10\/Screenshot-2018-10-23-13.59.14-300x90.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2017\/10\/Screenshot-2018-10-23-13.59.14-768x229.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2017\/10\/Screenshot-2018-10-23-13.59.14-874x261.png 874w, https:\/\/coincentral.com\/wp-content\/uploads\/2017\/10\/Screenshot-2018-10-23-13.59.14-610x182.png 610w, https:\/\/coincentral.com\/wp-content\/uploads\/2017\/10\/Screenshot-2018-10-23-13.59.14-600x179.png 600w\" sizes=\"(max-width: 1222px) 100vw, 1222px\" \/><figcaption id=\"caption-attachment-14456\" class=\"wp-caption-text\">A Short List of Ripple&#8217;s Customers<\/figcaption><\/figure>\n<h3>RippleNet<\/h3>\n<p><span style=\"font-weight: 400;\">In order to understand how Ripple functions, it\u2019s useful to know about the RTGS and RTXP (we\u2019ll make sense of these jumbled letters soon).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When you send money via <a href=\"https:\/\/coincentral.com\/what-is-bitcoin\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin<\/a>, the value is settled in real-time (not counting any Bitcoin delays). That\u2019s what we mean by Real-Time Gross Settlement (RTGS). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ripple uses <em>gateways<\/em>, which are\u00a0<\/span><a href=\"https:\/\/medium.com\/setocean\/cryptos-in-3-mins-ripple-xrp-9ec0c0a5272d\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">best described as<\/span><\/a><span style=\"font-weight: 400;\"> something similar to a global ledger made up of private blockchains. A gateway is essentially a digital portal that governments, companies, and financial institutions use to join the network. This mechanism is called the Ripple Transaction Protocol (RTXP), also known as <\/span><a href=\"https:\/\/ripple.com\/insights\/ripples-product-suite-growing\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span style=\"font-weight: 400;\">RippleNet<\/span><\/a><span style=\"font-weight: 400;\">. This is the project&#8217;s pride and joy. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once another government, company, or financial institution joins RippleNet, it can transact with other gateways at a much faster speed and a fraction of the cost. RippleNet also makes it possible to receive payments from any fiat (ex. USD, EUR,) or cryptocurrency (ex. BTC, ETH). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ripple essentially made something for any type of entity that regularly moves large amounts of money across borders. For example, companies such as Apple and Amazon are already spending billions across borders. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s important to note that RippleNet also functions as a currency exchange between all types of fiat money. However, in order to do do this, it has to be able to guarantee liquidity. That\u2019s where XRP comes in. XRP is the digital asset that provides source liquidity to payment providers, market makers, and banks.<\/span><\/p>\n<h3>Three Distinct Products<\/h3>\n<p>Although people commonly refer to Ripple as one platform, it actually consists of three different products: xCurrent, xVia, and xRapid.\u00a0<\/p>\n<p>xCurrent is the platform&#8217;s primary product. When you hear about a bank partnering with Ripple, more likely than not, this is what they&#8217;re using. xCurrent does not require XRP.<\/p>\n<p>xVia is the project&#8217;s most recent product. It&#8217;s a payment interface and suite of APIs. Like xCurrent, xVia doesn&#8217;t use XRP.<\/p>\n<p><strong>xRapid\u00a0<\/strong><strong>is the only product that uses XRP.\u00a0<\/strong>Simply put, this product is a liquidity solution.<\/p>\n<h3>Transaction Statistics<\/h3>\n<p><span style=\"font-weight: 400;\">While the network&#8217;s infrastructure makes sense for large corporations, it doesn\u2019t lend much to the average consumer. RippleNet doesn\u2019t provide the average person much of a benefit. So, Ripple likely isn\u2019t going to change how you personally receive and send money anytime soon, but it is looking to revolutionize how money moves around the world on a larger scale. <\/span><\/p>\n<figure id=\"attachment_3516\" aria-describedby=\"caption-attachment-3516\" style=\"width: 2000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-3516 size-full\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2017\/10\/Screen-Shot-2017-10-13-at-5.16.06-PM.png\" alt=\"ripple speed time\" width=\"2000\" height=\"643\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2017\/10\/Screen-Shot-2017-10-13-at-5.16.06-PM.png 2000w, https:\/\/coincentral.com\/wp-content\/uploads\/2017\/10\/Screen-Shot-2017-10-13-at-5.16.06-PM-591x190.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2017\/10\/Screen-Shot-2017-10-13-at-5.16.06-PM-621x200.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2017\/10\/Screen-Shot-2017-10-13-at-5.16.06-PM-600x193.png 600w, https:\/\/coincentral.com\/wp-content\/uploads\/2017\/10\/Screen-Shot-2017-10-13-at-5.16.06-PM-300x96.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2017\/10\/Screen-Shot-2017-10-13-at-5.16.06-PM-768x247.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2017\/10\/Screen-Shot-2017-10-13-at-5.16.06-PM-874x281.png 874w\" sizes=\"(max-width: 2000px) 100vw, 2000px\" \/><figcaption id=\"caption-attachment-3516\" class=\"wp-caption-text\">Ripple transaction times are significantly less than competitors.<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Ripple has shown that is can handle a tremendous amount of transactions per second, even when compared to its fellow cryptocurrency Bitcoin. <strong>BTC<\/strong> <\/span><b>handles about 15 transactions per second<\/b><span style=\"font-weight: 400;\">, whereas the <\/span><b>XRP ledger can handle more than 1500 transactions per second<\/b><span style=\"font-weight: 400;\">. <\/span><\/p>\n<h2 id=\"ripple-supply-structure\"><span style=\"font-weight: 400;\">Ripple\u2019s Supply Structure<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A key element to know about Ripple (XRP) is the sheer amount of XRP in existence. All XRP has already been created with a total supply of 100 billion. There are currently over 41 billion XRP tokens in circulation, with the rest held by Ripple Labs. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In an announcement in May 2017, Ripple stated its plans to <\/span><a href=\"https:\/\/ripple.com\/insights\/ripple-to-place-55-billion-xrp-in-escrow-to-ensure-certainty-into-total-xrp-supply\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">release 55 billion of its XRP in escrow<\/span><\/a><span style=\"font-weight: 400;\"> to ensure the certainty of the total XRP supply.<\/span><\/p>\n<p>[thrive_leads id=&#8217;5219&#8242;]<\/p>\n<h2 id=\"ripple-centralized\"><span style=\"font-weight: 400;\">Ripple is <\/span><em><span style=\"font-weight: 400;\">Kind of<\/span><\/em><span style=\"font-weight: 400;\"> Centralized<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Given the fact that Ripple Labs held around 80 billion XRP tokens at one point, it\u2019s not a far reach to say that Ripple is centralized, or at least more so than the majority of other cryptocurrencies. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, Brad Garlinghouse (CEO and Founder of Ripple), views it differently.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Garlinghouse stated that <\/span><i><span style=\"font-weight: 400;\">\u201cRipple is not centralized. To be clear, if Ripple disappeared today XRP would continue to function. To me, that\u2019s the most important measure of whether something is decentralized.\u201d<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">He then went out to point out some of the facts that supported that the network is, in fact, decentralized.<\/span><\/p>\n<h3>Decentralization Strategy<\/h3>\n<p><span style=\"font-weight: 400;\">In May 2017, Ripple released their decentralization strategy. They announced the plans to diversify the validators on the XRP ledger and expanded them to 55 validator nodes in July 2017. The team also shared plans to add third-party validating nodes, while removing one Ripple-operated validating node for every two third-party nodes, until there is no single entity that operates a majority of the trusted nodes on the XRP ledger.\u00a0<\/span><\/p>\n<p>Ripple currently has 26 unique default validating nodes. Ripple only operates seven of those, meaning that <a href=\"https:\/\/minivalist.cinn.app\/\" target=\"_blank\" rel=\"noopener noreferrer\">73 percent<\/a>\u00a0are under the control of outside parties. This push towards more third-party validating nodes shows that the Ripple team is making an effort to make the network more decentralized.<\/p>\n<p><span style=\"font-weight: 400;\">Because of this, a more accurate way to describe whether or not Ripple is centralized or not is that it\u2019s a weird mix of both. You\u2019ve got this holding company that has more than half the tokens. But, they have plans to release the rest, which is likely prioritizing the acquisition and onboarding of new partners on RippleNet. At one point, Ripple controlled the majority of the validating nodes, but that also has changed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Being centralized isn\u2019t necessarily a bad thing, but it does dissuade many \u201cdecentralized\u201d ideologists within the cryptocurrency community.<\/span><\/p>\n<h2>Competition<\/h2>\n<p>Ripple&#8217;s primary competitor is <a href=\"https:\/\/coincentral.com\/what-is-stellar-lumens-a-beginners-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stellar<\/a>. In fact, Stellar founder Jed McCaleb was also a co-founder of Ripple but left the company in 2013 due to disagreements with the rest of the leadership team.<\/p>\n<p>Both projects specialize in cross-border payments and have a similar architecture. However, the Stellar Foundation is a non-profit while Ripple is a for-profit company. The overall mission of each project differs quite a bit as well. While Ripple is focused on helping giant banking institutions, Stellar is aligning themselves with the little guy in an attempt to bring banking the unbanked.<\/p>\n<h2 id=\"buy-store-xrp\"><span style=\"font-weight: 400;\">Where Can You Buy and Store XRP?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You can buy Ripple at many of the most popular cryptocurrency exchanges such as <a href=\"https:\/\/coincentral.com\/bittrex-review\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bittrex<\/a>, <a href=\"https:\/\/coincentral.com\/kraken-exchange-review\/\" target=\"_blank\" rel=\"noopener noreferrer\">Kraken<\/a>, and <a href=\"https:\/\/coincentral.com\/binance-review\/\" target=\"_blank\" rel=\"noopener noreferrer\">Binance<\/a>. You could also any brokerage platforms such as <a href=\"https:\/\/coincentral.com\/changelly-exchange-review\/\" target=\"_blank\" rel=\"noopener noreferrer\">Changelly<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you want to hold XRP for the long term, we recommend using a hardware wallet such as the <a href=\"https:\/\/coincentral.com\/best-bitcoin-wallet-reviews\/#ledger_review\" target=\"_blank\" rel=\"noopener noreferrer\">Ledger Nano S <\/a>or one that supports XRP. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hard wallets are generally much safer because they\u2019re offline and have better security than exchange and other online wallets. However, they aren\u2019t ideal for someone trading frequently.<\/span><\/p>\n<h2 id=\"invest-ripple-xrp\"><span style=\"font-weight: 400;\">Should You Invest in XRP?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Well, that\u2019s entirely up to you.<\/span><\/p>\n<p>XRP has a storied trading history riddled with a few notable price movements. From 2013 to the start of 2017, XRP was a relatively uninteresting token to watch. It had one exceptional price jump at the end of 2014 in which it leaped 500 percent in one month. As there was no significant news surrounding this move, some community members believed that it was an <a href=\"https:\/\/www.newsbtc.com\/2014\/11\/27\/ripple-value-explodes-accused-artificially-pumped\/\" target=\"_blank\" rel=\"noopener noreferrer\">artificial pump<\/a>.\u00a0<\/p>\n<p>XRP began its explosive growth in March 2017, seemingly after a <a href=\"https:\/\/ripple.com\/ripple_press\/ten-financial-institutions-join-ripples-global-payments-network\/\" target=\"_blank\" rel=\"noopener noreferrer\">press release<\/a> that ten more financial institutions, including BBVA, had joined Ripple. It wasn&#8217;t until the 2017\/early-2018 bull market that XRP hit its all-time USD and BTC price high. In early January 2018, the coin reached over $3.80 (~0.000263 BTC).<\/p>\n<p>Now, you can grab some XRP for just under $0.33 (~0.0000899 BTC).<\/p>\n<p><script type=\"text\/javascript\">\nbaseUrl = \"https:\/\/widgets.cryptocompare.com\/\";\nvar scripts = document.getElementsByTagName(\"script\");\nvar embedder = scripts[ scripts.length - 1 ];\n(function (){\nvar appName = encodeURIComponent(window.location.hostname);\nif(appName==\"\"){appName=\"local\";}\nvar s = document.createElement(\"script\");\ns.type = \"text\/javascript\";\ns.async = true;\nvar theUrl = baseUrl+'serve\/v3\/coin\/chart?fsym=XRP&tsyms=USD,EUR,CNY,GBP';\ns.src = theUrl + ( theUrl.indexOf(\"?\") >= 0 ? \"&\" : \"?\") + \"app=\" + appName;\nembedder.parentNode.appendChild(s);\n})();\n<\/script><\/p>\n<h3>Things to Consider<\/h3>\n<p><span style=\"font-weight: 400;\">Ripple\u2019s success is ultimately dependent on the number of partners on RippleNet (which has been growing steadily over the past year), how many people use Ripple\u2019s products, and how effective XRP is. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ripple seems to be doing well on those fronts, however, it\u2019s important to note the sheer supply of XRP on the market (a total supply of 100 billion). As if that wasn\u2019t a hard pill to swallow for investors, Ripple currently holds around 59 billion XRP (~59% of the total supply). This means they can technically inject massive amounts of their XRP into the market to control the price and keep it generally low. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, beyond the investment metrics, it\u2019s important to really understand the position Ripple (XRP) is in. <\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Do you recognize the opportunity Ripple may or may not have in front of them?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Do you think the Ripple team can pull it off?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What is the Ripple team doing every quarter to meet its goals?<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">You can also find <\/span><a href=\"https:\/\/www.quora.com\/session\/Brad-Garlinghouse\/1?__filter__&amp;__nsrc__=2&amp;__snid3__=1558128447\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">more insights directly<\/span><\/a><span style=\"font-weight: 400;\"> from the Founder and CEO of Ripple, Brad Garlinghouse, in a Quora Session. He talks about everything from whether you should invest in XRP and how Ripple could revolutionize finance.<\/span><\/p>\n<h2 id=\"final-thoughts\"><span style=\"font-weight: 400;\">Final Thoughts<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">So, whether you choose to invest in Ripple (XRP) or not, it\u2019s worth watching as blockchain adoption increases. Ripple is one of the very few legitimate viable competitors to the old guard financial system, and it could play a major role in how money moves around the planet. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As far as any practical applications for use by the average person of an XRP token, there aren\u2019t many. However, when you view Ripple (XRP) through the lens of the global payments industry, it\u2019s a traditional high-tech David vs. the established Goliath.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Editor\u2019s Note: This article was updated by <a href=\"https:\/\/coincentral.com\/author\/stevenbuchko\" target=\"_blank\" rel=\"noopener noreferrer\">Steven Buchko<\/a> on 1.15.19 to reflect the recent changes in the project.<\/span><\/i><\/p>\n<h2 id=\"additional-ripple-resources\">Additional Resources<\/h2>\n<p><a href=\"https:\/\/ripple.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Website<\/a><\/p>\n<p><a href=\"https:\/\/twitter.com\/Ripple\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a><\/p>\n<p><a href=\"https:\/\/www.reddit.com\/r\/Ripple\/\" target=\"_blank\" rel=\"noopener noreferrer\">Reddit<\/a><\/p>\n<p><a href=\"https:\/\/ripple.com\/insights\/\" target=\"_blank\" rel=\"noopener noreferrer\">News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this guide, we go into detail how Ripple (XRP) intends to fundamentally transform the way institutions move money around the world. Learn all about it.<\/p>\n","protected":false},"author":5,"featured_media":3546,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"iawp_total_views":43,"footnotes":""},"categories":[5712],"tags":[5831,15872],"class_list":{"0":"post-3513","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-guides","8":"tag-ripple","9":"tag-xrp"},"wppr_data":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is Ripple (XRP)? | A Complete Guide to the Banking Cryptocurrency<\/title>\n<meta name=\"description\" content=\"In this guide, we go into detail how Ripple (XRP) intends to fundamentally transform the way institutions move money around the world. 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