What is XRP Ripple?

[Kakashi2020]

Ripple XRP is one of the world’s major cryptocurrencies — and one of the most intriguing. Unlike Bitcoin, Ethereum, and other big names, it doesn’t market itself on its decentralisation. Instead, the crypto is closely aligned with a number of banks, investment firms, and businesses around the globe. 
This may seem counterproductive when many traders believe that cryptocurrency’s biggest selling point is its freedom from external companies. However, crypto experts are increasingly claiming that it could be the key factor behind Ripple’s success. Although the world of cryptocurrency can be notoriously difficult to predict, some believe that Ripple XRP’s unique market position means it could escape some of the turbulence which could potentially shake the industry in the next few years. 
What Is Ripple XRP?
To understand each Ripple price prediction, it’s vital to understand exactly what Ripple XRP is and why it differs from the majority of other cryptos on the market. 
Ripple was first launched in 2012 and, much like Ethereum, its name is commonly used to describe both its payment platform and native currency. Its platform is actually called RippleNet, while its crypto is Ripple XRP. (On exchanges, it’s often just listed as XRP). 
Most of the altcoins which have entered the market were designed to solve some of the problems which their founders believed could eventually limit the success of Bitcoin, the so-called king of cryptocurrency. Many, such as Bitcoin Cash, have focused on Bitcoin’s lack of scalability. However, Ripple took aim at another defining feature of the crypto: its decentralisation. 
Instead of offering traders and investors a way to make online transactions without having to go through a centralised financial body (which can be slow, potentially insecure, and costly), Ripple was designed to make it easier for those very same centralized financial bodies to make payments themselves. Cross-border payments can be even slower, with much higher transaction fees, than domestic payments — and global businesses can make hundreds of these transactions every day. 
To avoid sky-high transaction fees and unfavourable exchange rates, Ripple enables corporations to send and receive payments in Ripple XRP. It provides a globalised currency that bypasses some of the issues that can plague both fiat currency and totally decentralised cryptos.