Ripple (XRP)

Ripple is a cryptocurrency platform for payment systems, focused on operations with currency exchange without chargebacks. Developed by Ripple. A feature is the consensus register (ledger). The system was launched in 2012. The protocol supports “tokens” representing fiduciary money, cryptocurrency, exchange goods or other objects, such as frequent flyer miles or minutes of mobile communication. At its core, Ripple is based on an open, shared database, uses a reconciliation process, which allows for sharing in a distributed process. The internal cryptocurrency of the Ripple network is called XRP.