XRP is digital money & asset for Peer-to-Peer web payment on Open-Source Blockchain using Public Ledger (XRP Ledger). Many people may confuse XRP with “Ripple”, XRP is the Private/Consortium Blockchain network that financial institutions using for Real-Time & Low cost Cross-Currencies transactions (Including Bitcoin). Ripple is using XRP Ledger on its blockchain and using XRP as a “Bridge Currency”. However, it’s hard to say that XRP is a decentralized platform because even the number of validators has been growing recently, but the currencies gateway can freeze the transaction the validators found suspicious.
XRP was developed to serve as both a digital currency and digital payment network mainly for financial transactions among users. XRP that is operating in Ripple, enables one to transfer money using Ripple technology in one country and transfers it back to another country’s currency.