How does XRP differ from Ripple in terms of digital currency?

3 answers

• Dec 18, 2021 · 3 years ago
  XRP and Ripple are often used interchangeably, but they are not the same thing. XRP is the digital currency used on the Ripple network. Ripple, on the other hand, is the technology platform that enables fast and secure international money transfers. While XRP is the native currency of the Ripple network, Ripple itself is the company behind the technology. So, the main difference between XRP and Ripple is that XRP is the currency, while Ripple is the technology platform.
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• Dec 18, 2021 · 3 years ago
  XRP and Ripple may sound similar, but they have distinct roles in the world of digital currency. XRP is a cryptocurrency that is used to facilitate fast and low-cost international money transfers. It acts as a bridge currency, allowing different fiat currencies to be converted into XRP and then back into fiat currencies. Ripple, on the other hand, is a technology company that provides the infrastructure for these transactions to take place. So, while XRP is the digital currency, Ripple is the technology that powers it.
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• Dec 18, 2021 · 3 years ago
  XRP and Ripple have a unique relationship in the world of digital currency. XRP is the native cryptocurrency of the Ripple network, which is a decentralized platform for fast and secure international money transfers. Ripple, on the other hand, is the company that developed and maintains the Ripple network. While XRP is the digital asset that can be traded and used for transactions, Ripple is the entity that oversees the development and adoption of the technology. So, in summary, XRP is the currency, while Ripple is the company behind it.
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