This token, created in 2012 by California based company Ripple, is primarily used to accelerate international financial transactions and reduce costs.
XRP acts as a "bridge currency" in the exchange between two currencies that can be used to carry out the entire transaction (send, exchange and receive money) in just a few seconds. XRP holds third place out of all cryptocurrencies, just behind Ethereum.
Performance summary for XRP/USD
View the annual performance of XRP/USD, the cryptocurrency launched in 2012
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