What is XRP?
XRP is a cryptocurrency belonging to the blockchain-based protocol XRP Ledger, which was launched by Ripple in 2012. XRP was marketed as a faster and cheaper alternative to bitcoin and is used, among other things, to transfer value through RippleNet. The main purpose of XRP is to be a kind of broker between different currencies - both cryptocurrency and fiat. It should be quick and cheap to switch between currencies.