The innovation of XRP lies in the new way of doing transactions that makes the currency possible. Within a matter of seconds, transactions are completed at a price of less than $ 0.01. This new, fast and cheap way of doing transactions is perfect for banks, hence the interest from the financial sector. The company behind XRP, Ripple is a company that specializes in payment portals with, besides XRP, other financial products and services. Ripple was founded in 2012 and has since grown to a billion-dollar company. The organization is focused on optimizing cross-border (international) payments. It is a business to business (B2B) product with the financial sector as a target group. A total of 100 billion XRP was created in 2012. This stock is distributed as follows: 55 billion XRP in escrow account (55%) 6.2 billion XRP owned by Ripple and / or the Ripple Foundation (6.2%) 12.2 billion XRP owned by co-founder Chris Larsen (12.2%) 5.3 billion XRP owned by co-founder Jed McCaleb (5.3%) 2.5 billion XRP owned by co-founder Arthur Britto (2.5%) 18.9 billion XRP divided among investors (18.9%)
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