XRP Wallet ($XRP)

XRP Ledger is a peer-to-peer, distributed blockchain network for processing payments instantly. This network provides a seamless, friction less experience of transferring money from one place to another. Banks, payment providers and digital exchanges can all use this blockchain and work in unison to ensure instant processing of processing. The network is resilient to systemic attacks, very fast, extremely scalable and can inter-operate within different networks. The network significantly reduces cost of operations as sending money over this network is virtually free, and opens up new markets thanks to the cross-border payment feature. It is possible to instantly send money from one bank to another using XRP.

XRP is the token used to run operations on XRP Ledger blockchain. This coin enables 1500 transactions per second 24 hours a day, seven days a week. This coin uses RPCA algorithm and is premined. It had a total coin supply of 100 billion, which are not mined but reduce gradually as they are destroyed in small amounts after every transaction as a deflationary measure. Ripple calls this the decreasing policy. XRP is supported by a range of wallets including Ledger Nano, Bitgo Wallet, Morph, CoolWallet, Gatehub, Coinspot, Atomic Swap Wallet and others. The coin is listed on major exchanges like Binance, Bitbank, Upbit, Bithumb, Huobi and Kraken among others.

Ripple leverages XRP in its products and is one of many players building on the XRP Ledger - which is an open source, decentralized technology.