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What is XRP?
XRP is a Cryptocurrency created by a handful of guys who were inspired by Bitcoin, the first cryptocurrency. They set on a path to develop a coin that was energy efficient, pre-mined, fast to transfer, and nearly free to use. Chris Larsen, Jed McCaleb, Arthur Britto, and David Schwartz were the creators of the XRPL and they decided to gift a large portion of the coins created to the Software Company, Ripple. XRP is essentially a liquidity solution for transferring value. Some might even call it a global bridge asset. Currently, sending money overseas or changing currency takes too much time and costs too much money for the technological world we are currently living in.
I believe that XRP will open the doors to The Internet Of Value.
What is “value”?
Not many people actually understand the difference between transferring funds and actually moving value. Typically, Banks and Financial Institutions keep dormant funds in different currencies spread out all around the world. When you send money now, cash is just shuffled around amongst … Read the rest