Ripple and XRP go hand in hand.
Ripple is not only recognized as a platform built on the role of an open-source protocol, allowing fair and cheap transactions but also a currency, XRP.
The platform at the same time also encouraged other individuals to use their technology to own assets over RippleNet.
RippleNet is a chain of payment institutions such as banks and money services commerce aimed at sending money without any access to the world.
Not only is it limited to XRP currency payments, it also includes Bitcoin and other coins with the lowest internal transaction commission of $ 0.00001.
XRP is a token that is used to transfer value on the Ripple Network, serving as a link exchange between crypto-currency and fiat currencies.
If history is included, the protocol, which was based on Chris Larsen and Jed McCaleb, began operating as a prototype in 2004 before being officially launched in 2013.
Interestingly with regard to Ripple, it doesn't own a blockchain like Bitcoin or Ethereum. Instead it uses RPCA technology (Ripple protocol concensus algorithm).
Ripple is used widely for several purposes:
1. Exchange of currency at low commission
2. Fair transactions encompass the whole world
3. Cheap and reasonable payment ecosystem
The benefits of Ripple cover three things:
1. The payment system is much safer than Bitcoin
2. Ripple is "safe" rather than regulatory checks, unlike other cryptocurrencies
3. Potential to be exchanged for any currency or assets of value such as gold
If you are asked whether this Ripple asset is the best investment, it actually depends on the individual's perception of that eye.
Ripple is an organization that most banks trust, compared to other crypto firms. Interestingly, this asset is non-inflationary and the more a bank uses XRP, the higher its value!
The only drawback is that the entire system is centralized and seeing as it is being developed as open-source, there is potential to be explored.
However, in the end XRP actually has the potential to become a valuable asset, depending on how the movement of Bitcoin affects its price
