What’s the Fuss About XRP?

Cryptocurrencies have taken the world by storm, but while names like Bitcoin and Ethereum have dominated this space thus far, there are more digital assets that are steadily challenging the status quo, one of them being — XRP. With its ambitious goals, innovative technology, and growing financial ecosystem, and innumerable partnerships, XRP has been the subject of intense debate and interest. But what exactly is XRP, and why is it stirring so much excitement? XRP currently holds the third position in the cryptocurrency rankings, right behind Ethereum (ETH), as I write this, and would, from what it seems, climb to the second position in the coming months. In this post, we’ll uncover the layers of XRP, its potential, and the reasons behind all the buzz.

XRP is a digital currency created by Ripple Labs in 2012. It is designed to facilitate fast, low-cost, and secure cross-border transactions. Unlike Bitcoin, which was created as a decentralized digital currency for peer-to-peer transactions, XRP serves a different purpose — it’s built to act as a bridge currency for financial institutions and payment networks. Ideally, as per the ISO-4217 standard, a currency should start with the…