XRP is a native cryptocurrency created by Ripple labs on XRP ledger blockchain. Ripple is a payment network created for financial institutions ease bank transfers and payment transfers. Ripple has premined 100 Billion token supply. XRP ledger technology was created to ease global payments, transfers for bank transactions. Ripple uses a Ripple Consesnsus Algorithm. XRP transactions are fast and low cost. Using XRP the protocol can execute 1500 transactions per second.