Don’t fret. We’ve compiled a FAQ for you below—dive in and explore.
Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc. The native token of the system is XRP.
Since the crypto market is highly volatile, it is hard to make accurate long-term predictions. You can keep track of Ripple’s price in real-time here.
The company behind Ripple is Ripple Labs. They have offices in San Francisco, New York, London, Sydney, India, Singapore, and Luxemburg. They are constantly creating and maintaining a product suite that will help improve cross-border transactions. Ripple Labs owns about 60 billion of the 100 billion XRP tokens that will ever be in circulation.
You can store XRP tokens in your CoinSmart account.
Short answer, No. You don’t mine Ripple tokens. Ripple Labs have complete control over when to release coins.