This article was first published on: Insights – Ripple --
XRP acts as a bridge between fiat currencies. Image: Shutterstock
Of all the digital assets on the market, XRP is the one that continues to turn heads. The digital asset’s value surged from $0.006 in January 2017 to $3.60 by the beginning of January 2018 — an increase of more than 59,000 percent. Through its holdings of XRP, Ripple is now one of the most valuable startups in the U.S., after Uber, Airbnb, Palantir and WeWork.
Yet, like all digital assets, XRP is often a source of confusion, mystery and speculation. So, let’s clear the picture with 10 things you need to know about XRP.
1. XRP is the only digital asset specifically designed for financial institutions and payment providers
A lot of digital assets lack a clear purpose. They may be used to store value, purchase commodities or for consumer transactions, but were not created with a single explicit application in mind. By contrast, XRP is specifically about the transfer of value and built for enterprises, making it one...
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