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Ripple is a peer-to-peer payment system created by Ripple Labs Inc. Ripple lets you easily, cheaply, and safely send money over the Internet to anyone, anywhere in the world. Anyone can create an account. Because Ripple is P2P software, no individual, corporation, or government controls it. The network operates via the combined effort of the Ripple software running all over the world.

To protect the Ripple network from abuse, the network charges a tiny fee for each transaction equivalent to approximately 0.00001 USD (1/1000th of a penny). The fees are paid with Ripple credits, also called XRP.

Everyone who uses Ripple has a balance of XRP, and transaction fees are destroyed upon use. This is essentially the same as redistributing the fee proportionately to everyone with a Ripple account.

  • Maximum Supply: 99,999,997,890 XRP
  • Pre-Mine: 100%
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