XRP is both a digital asset and a cryptocurrency. All cryptocurrencies are digital assets. Ripple is a holder of XRP, but not the creator. Ripple holds approximately 60% of all XRP in existence. This XRP belongs to Ripple’s shareholders, who Ripple has a fiduciary duty to.

XRP was given to Ripple. It wasn’t created by Ripple. XRP was created and distributed by Arthur Britto, Jed McCaleb, and Chris Larsen. Ripple does not sell XRP to the general public. XRP is used to incentivize market makers to help increase XRP liquidity and strengthen the overall health of the XRP market. Ripple has locked 55 billion XRP (55% of the total possible supply) into a series of escrows, to provide additional predictability to the XRP supply.

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