The current supply of circulating stands at the equivalent of 48,343,101,197. XRP is among the biggest digital currencies in the world.
The current number 7 largest cryptocurrency project according to a market capitalization of $47 billion, the XRP cryptocurrency has a worth of $26.73 billion as of the time of writing.
A single XRP unit is quite affordable because of the large number of coins available (over 45 billion) as well as the fact that a large number of investors own XRP as part of their investment portfolios. The relatively low cost of XRP, when compared with the others of the top 10 initiatives, is a major draw for investors.
Are you interested to invest in Ripple (XRP) But not sure of what it’s about or how to start? No worries. Ripple Circulating Supply is still on a good level. This guide is intended to provide you with everything you must be aware of about the project, and prepare you to begin the most enjoyable trading experience in the marketplace.
Ripple Labs is a privately-held enterprise software company that developed Ripple Labs, a private enterprise software company that developed the Ripple Protocol. It is an open-source protocol that comprises the XRP ledger as well as RippleNet, a collection of payment solutions geared at institutional use (banks as well as non-financial institutions, and cryptocurrency exchanges).
The company we are familiar with today was initially named OpenCoin and was later rebranded to Ripple in the year 2015.
Established in 2012 and located in San Francisco, California, Ripple Labs is a privately-held company, which means that you can’t purchase a share of its operations anywhere.
It is crucial to remember the fact that investing in XRP does not mean the investment is in Ripple Labs. But in a product, they’ve created.
Ripple Labs employs nearly 500 people, has nine offices across the globe, and boasts (on average) an increase of 300% over the course of a year growth in customer numbers.
Ripple also has a suite of software designed specifically for businesses and developers to build upon XRP which is called RippleX. It includes tools that communicate with and interact with the XRP Ledger as well as PayID and Interledger two protocols developed independently of XRP.
There is a tendency for people to utilize Ripple and XRP as interchangeable terms, which can cause further confusion about the project.