Who owns the majority of XRP?

The current Ripple CEO is Brad Garlinghouse, who owns a reported 6.3% stake in the company, as well as additional XRP tokens. His net worth, based on the current rate, would be nearly $10 billion, placing him in the mid-50s on Forbes' list of wealthiest Americans.
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Who is controlling XRP?

Ripple is the company that is behind XRP, the cryptocurrency. Bitcoin transaction confirmations may take many minutes with high transaction costs, while XRP transactions are confirmed in seconds with little cost. XRP is a technology that is mainly known for its digital payment network and protocol.
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Who controls XRP supply?

To provide additional predictability to the XRP supply, Ripple has locked 55 billion XRP (55% of the total possible supply) into a series of escrows. These escrows are on the ledger itself and the ledger mechanics, enforced by consensus, control the release of the XRP.
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What percentage of XRP does Ripple own?

Ripple Labs has a monopoly of ownership on the XRP token — it owns about 60% of the available supply.
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Is XRP the next Bitcoin?

One company that has made a lot of partnerships and gained a lot of attention recently is Ripple. According to reports, a number of industry experts predict that Ripple's XRP could be the next big thing as large gains from a sub-dollar asset would be far more likely than one that is already trading at $10K per coin.
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XRP Ripple: The Rothschild Family Owns a Significant Portion of XRP! (Here's Why!)



Can XRP survive without Ripple?

The Ripple Consensus Protocol cannot exist without XRP, although it could still endure should Ripple, the company, fail. The RCL supports transactions of fiat currency, cryptocurrency, commodities or any other unit of value such as frequent flier miles or mobile minutes.
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Is XRP unlimited supply?

XRP is Ripple Consensus Ledger's (RCL) native token. Has a finite quantity of 100 billion; no more XRPs will ever be created again. The number of XRPs will decrease over time as it is consumed for every single transaction that is made.
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Will XRP ever be used by banks?

Top Banks Use Ripple For Cross-Border Payments

Currently, the Ripple payment network works with worldwide financial institutions from over 55 countries. Their On-Demand Liquidity (ODL) service uses the digital asset XRP “to source liquidity during cross-border transactions, as an alternative to traditional systems.”
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Who owns the XRP Ledger?

The XRP Ledger was built over 2011 – early 2012 by Jed McCaleb, Arthur Britto and David Schwartz. In September 2012, Jed and Arthur, along with Chris Larsen formed Ripple (the company, called OpenCoin Inc. at the time) and decided to gift 80 billion XRP to Ripple in exchange for Ripple developing on the XRP Ledger.
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What banks are adopting XRP?

According to Ripple's press release, the banks that have been unique are: MUFG, BBVA, SEB, Akbank, Axis Bank, YES BANK, SBI Remmit, Cambridge Global Payments, Star One Credit Union and eZforex.com. This trend is very interesting, since it allows adding new payment service providers.
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Is Ripple backed by Google?

Ripple, a Google-backed start-up that uses blockchain technology to settle financial transactions between some of the world's biggest banks, has raised $55 million.
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Why do banks want to use XRP?

According to Ripple CTO Stefan Thomas, XRP is quicker and cheaper at fractions of a penny and about three seconds faster per transaction compared to other digital assets. 2 XRP offers other advantages as well: using XRP, banks can source liquidity on-demand in real-time without having to pre-fund nostro accounts.
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How many banks will use XRP?

But RippleNet, with the help of the XRP token, has made an impact, with more than 300 financial institutions in at least 45 countries signing on to use the platform.
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How much does the average XRP holder have?

Most participants that replied, hold something between 10,000 and 50,000 XRP. If we calculate that every holder holds the minimum amount within the range stated, then the average comes to 53,337 XRP per participant.
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How much XRP does Jed McCaleb own?

Most of McCaleb's wealth comes from the estimated 3.4 billion XRP he still holds, from the original 9 billion XRP he pocketed as a Ripple founder.
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Is XRP winning the lawsuit?

Ripple, the developer of the XRP blockchain of which XRP is the native token, secured a big win this week in its ongoing lawsuit with the US Securities and Exchange Commission (SEC).
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How many XRP are left?

How Many XRP Coins Are There In Circulation? XRP currently has 45,404 billion tokens in circulation, while its total supply counts 100 billion XRP tokens.
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Should I invest XRP 2021?

It may sound counter intuitive, but Ripple's trajectory through 2021 and beyond is probably looking quite good based on the fact that it had a really tough 2020 and the years before. The coin suffered through 2019 and was one of the worse performing top crypto assets.
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Can XRP be like Bitcoin?

XRP is a token used for representing transfer of value across the Ripple Network. Different to bitcoin, where new coins are created (up the a capped level) as rewards for participants offering computing power to maintain the blockchain network, Ripple created 100 billion XRP coins at its inception.
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Is XRP better than ethereum?

Ripple (XRP)

In terms of price movement, there really is no comparison of Ripple vs Ethereum. The former has always traded at a much lower price point and its legal troubles meant it missed out on much of the crypto bullishness that hit the market at the start of 2021.
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Is XRP the bankers coin?

According to the exec, its negative portrayal is pumped by the fact that many in the industry view XRP as a “banker's coin” which seeks to serve the interest of financial institutions.
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Why is XRP in a lawsuit?

The SEC alleges Ripple conducted an illegal securities offering through sales of XRP, the world's sixth-biggest cryptocurrency. Ripple argues XRP should be treated as a virtual currency rather than an investment contract like a stock.
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Will XRP make me rich?

Ripple could make investors super rich. Even when the asset has suffered a substantial decline in recent months, some reasons indicate that it is a strong investment and XRP's price could experience a huge growth in the near future.
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Why is XRP so low?

XRP is a cryptocurrency that works on the Ripple network. The primary reason behind its low price is because the US Security and Exchange Commission (SEC) is suing Ripple for $1.3 billion. This may last for a short period of time, at least until the end of this year.
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