Xrp Quotes

this is where the Ripple team ran into contentious territory, even if the concept was born of good intentions. Since there was no mining process, there was no means to distribute XRP. Instead, 100 billion units of XRP were created and initially held by Ripple Labs (at that time, OpenCoin). While there was, and still is, intent to distribute all this XRP to seed use, as of writing the majority of XRP is still under the control of Ripple Labs.

Ripple has been a popular startup for incumbents to work with, and some of them are creating projects that utilize its native asset, XRP. Incumbents such as Bank of America, RBC, Santander, BMO, CIBC, ATB Financial, and more use Ripple’s blockchain-based technology to achieve faster and more secure financial transactions. 15 If realized, these efforts could not only reward the companies that utilize Ripple but also potentially benefit Ripple’s own cryptoasset, XRP, which can be used as a bridge currency to help settlements on the Ripple network.

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