What does it mean and what are the Differences?

RIPPLE VS XRP

What is It

Ripple is a privately owned company  based in San Francisco in the U.S with Offices in New York London, Sydney, India Singapore  and Luxembourg      

XRP is an independent virtual currency that acts as an underlying currency powering for powering Ripple’s network

AIM

Ripple seeks to develop and provide solutions for sending money with ease, and at low costs all over the world               

XRP seeks to act as a bridge currency for facilitating cross-border payments between different fiat currencies. More Visit: What is cryptocurrency XRP

Relationship

Ripple uses XRP in its xRapid products to provide banks and other financial institutions with access to on-demand liquidity. Ripple does not in any way own or control the technology behind the digital currency XRP

XRP being an open source cryptocurrency can be used by anyone including Ripple. That said, it is neither owned or controlled by any entity or person as it operates independently

Control

Ripple Labs are owned by the board, founders and employers who helped start the company in 2012    

Being a decentralized cryptocurrency XRP is owned by anyone who uses XRP and the XRP Ledger.

Usage

Ripple develops and offers products that are used in the financial industry, mostly banks              anyone can use

XRP for a variety of purposes, i.e. for making payments. Developers can also build on the XRP Ledger

 

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