The difference between Ripple and XRP

Ripple and XRP…. What's the difference? People are often surprised to learn that Ripple and XRP (called the Ripple digital asset) are not the same things. The confusion is understandable since they share the same name and have similar origins! There are, however, important differences that need to be explained. What is Ripple First and foremost, Ripple is a private enterprise software company. The company was the founder and creator of the Ripple Protocol, an open-source protocol that includes the Ripple Consensus Ledger (RCL) and RippleNet, a suite of payment solutions products marketed to banks, non-financial institutions, and digital currency exchanges. The RCL uses distributed ledger technology to support the transfer of tokens representing fiat currency, cryptocurrency, or any other unit of value. The protocol is completely open, meaning anyone can access it without prior approval from Ripple. It allows bank and non-bank actors to incorporate the protocol into their own syst...