Ripple serves as the overarching name for the cryptocurrency platform, with XRP acting as its transactional protocol—similar to how Ethereum facilitates trades in Ether. This digital currency operates on a distributed ledger network, eliminating the need for a centralized authority by involving multiple parties in transaction validation.
Key Features of XRP
- Global Transactions: Enables fast, low-cost transfers worldwide.
- Instant Transfers: Unlike Bitcoin or Ethereum, XRP transactions confirm immediately without delays.
- Fixed Supply: All 100 billion XRP tokens were created at launch, with no mining involved.
Ripple Labs' Role
Ripple Labs, the company behind XRP, holds approximately 60 billion tokens (worth billions USD) and escrows 55 billion to manage market stability. Its goal is to enhance cross-border banking transactions using XRP’s technology—a contrast to Bitcoin’s decentralized ethos.
👉 Explore real-time XRP price trends
FAQs
How does XRP differ from Bitcoin?
XRP focuses on institutional adoption for faster payments, while Bitcoin aims to decentralize finance.
Can Ripple Labs influence XRP’s price?
Yes, by releasing escrowed tokens, but the company avoids large-scale sales to prevent market disruption.
Where can I track XRP’s value?
Use our linked converter or visit major crypto analytics platforms.
👉 Convert XRP to INR instantly
### Keywords
- XRP to INR
- Ripple cryptocurrency
- XRP price converter
- Ripple Labs
- XRP transactions
- Cryptocurrency transfer fees
### SEO Notes
- **Natural keyword integration** in headings and body.