CryptoIntermediate

Ripple

a.k.a. XRP

A company and payment network for fast cross-border transfers, closely linked to the XRP cryptocurrency.
In plain English

A company and payment network for fast cross-border transfers, closely linked to the XRP cryptocurrency.

Ripple is a US company building payment tools that let banks and money transfer firms move money across borders quickly and cheaply. Its networks can use XRP, a cryptocurrency on the XRP Ledger, as a bridge between currencies. People often use "Ripple" and "XRP" interchangeably, though the company and the coin are technically separate.

XRP's history includes a long legal fight with the US SEC over whether it was sold as a security, a case watched closely across the crypto industry.

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