XRP is the proprietary token of Ripple network. It acts as the medium by which users of Ripple’s systems, such as xRapid, make cross-border payments. XRP was developed around 2012, since when it has gone on to become one of the top 3 coins in terms of market cap. Ripple wants international banks to start using the XRP token to facilitate international monetary transfers as it can do so at a fraction of the speed and cost of legacy systems. The XRP token, like Ripple itself, is both loved and hated in equal measure within the crypto community due to its centralized nature – the coin cannot be mined and transactions are not available on a public ledger. The debate over whether XRP is a true cryptocurrency is one of the fiercest in the whole of crypto, and it shows no signs of stopping soon.