Ripple ist the 3rd largest cryptocurrency. The name originated from the company that created it. The currency’s formal name is the XRP. Most other major cryptocurrencies are created by mining, but all 100 billion XRP that will ever exist have already been created, although they aren’t all in circulation. Ripple isn’t designed to be a payment currency. Instead of being designed for payments, Ripple is actually intended as a cheap and fast method of payment transfer for international transactions. The current methods of sending money overseas are slow and costly, whereas Ripple can be used to send money instantaneously and at a minimal expense.
Sven Franssen