***"JUST THE FACTS"*** ***XRP*** ***EPISODE ONE***

***XRP FUNDAMENTALS*** Transaction* cost of 0.00001 XRP (currently 1/1000 of one penny, XRP would need to be worth 1k each for the transaction fees to begin to approach 0.01USD) Transaction costs do not go to any entity, it is destroyed, making XRP a deflationary currency. Transactions are said to take 6 seconds *Transactions that businesses and banks perform can cost more ***LEDGER SPECIFICS*** Programming code is python. Currently centralized with plans of removing 1 centralized node for every 2 new decentralized nodes that come online. Can Handle 1,000 Transactions per second. ***TEAM BEHIND PROJECT*** Brad Garlinghouse CEO Marcus Treacher Global Head of Strategic Accounts Antoinette O’Gorman Chief Compliance Officer David Schwartz Chief Cryptographer Stefan Thomas CTO Brynly Llyr General Counsel Asheesh Birla VP of Product Ron Will CFO ***XRP'S OFFICIAL GOALS*** 55 total planned months of 55B XRP in 55 smart contracts being released at a rate of 1B per month. Any unsold XRP is automatically put back in escrow via smart contracts Compete against SWIFT’s centralized ledger of nostro and vostro accounts with a decentralized ledger. ***PARTNERS*** Santander SBI Group Google Ventures CME Venvtures SeaGate Digital Ventures Core Innovation Capital ***WHITE PAPER STANDOUTS*** (This is my opinion) White papers relay who their audience is intended to be in their language and presentation, Ripple stands out as clearly speaking at financial institutions, while outlining the problems that exist in the financial market and how XRP relieves those problems. Their messaging shined through the whole white paper. This is the **First** in a series of *"Just the facts"* cryptocurrency breakdowns! Separating the facts from the speculation, hype, and falsehoods that permeate our crypto-communities * SHARE 2 SPREAD THE KNOWLEDGE! *