Ripple was created by a company of the same name with the intention of facilitating transactions between financial corporations. Then, as an upgrade came the XRP token.

Initially, the company's goal was to enable the transfer of money from one currency to another within a few seconds, where Ripple would serve as a universal currency that reduces transaction costs. Thus, it was not created with the intention of being a method of paying for goods and services. That is why today there are not many companies that accept it in exchange for their products or services.

Ripple processes over 1,500 transactions per second, which is almost seven times faster than international e-wallets like PayPal.
The average speed of transactions is four seconds which is much faster than Bitcoin transactions as you can see on our infographic. It's not just a matter of speed but in the fact that this fast processing time is accompanied by payment fees at just a fraction of a cent.

XRP is a cryptocurrency that runs on the XRP Ledger, a blockchain engineered by Jed McCaleb, Arthur Britto and David Schwartz. McCaleb and Britto would go on to found Ripple and use XRP to facilitate transactions on the network. You can buy XRP as an investment, as a coin to exchange for other cryptocurrencies or as a way to finance transactions on the Ripple network.

Ripple’s Future

Since the beginning of April, the value of one coin has increased by 60%. And the future for this crypto looks bright, even though it’s currently tied up into legal troubles with the Securities and Exchange Commission (SEC).

CoinBase, the world's largest cryptocurrency exchange, will return Ripple to its platform on Monday, April 12. This will add confidence to the new investors in diversifying their portfolios.
This move will open the entire American market, and that means 250 million adult Americans will be able to trade it.