Ripple was founded in 2012 in order to fill a need in the international business market for a fast and efficient way to transfer funds from one country to another. The goal of Ripple is to establish a blockchain that will be used to verify financial transactions. This strategy has the potential to remake the entire global financial system, and the Ripple cryptocurrency – also called Ripple but technically named XRP – is an integral part of this goal.
https://www.fxempire.com/education/article/a-basic-introduction-to-ripple-458661
