The main difference between Ripple and XRP is that while XRP is the cryptocurrency, Ripple is the company that releases products on it. XRP cryptocurrency was released in 2011 by Arthur Brito, David Schwartz, Chris Larsen, and Jed McCaleb. Ripple Labs Inc. was found in 2012 by Jed McCaleb and Chris Larsen to develop a payment system on top of the XRP ledger. Ripple was initiated as a direct competitor to the SWIFT network which facilitates the cross-border transactions currently.
Ripple has developed a lot of partnerships with major Financial Institutions and banks to develop a network of payments. The XRP ledger is being used by institutions like R3 as well to develop other products.
Ripple has developed a lot of partnerships with major Financial Institutions and banks to develop a network of payments. The XRP ledger is being used by institutions like R3 as well to develop other products.
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