XRP refers to a cryptocurrency that was developed by Ripple, developed by the company that released XRP as its native cryptocurrency. Ripple is secured by a network of validating servers overseen by a private company. XRP runs on the XRP Ledger Consensus Protocol, where Ripple Labs controls the dispersion of new coins, and there are no mining rewards. The XRP crypto fits into Ripple’s business model by serving as the fuel that powers its cross-border payments technology. It is a service for international money and security transfers that is global, centralized.
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Bybit, a crypto exchange, offers an ultra-fast matching engine across Spot, F&O, launchpads, earn products, NFTs & more.