<ul data-eligibleForWebStory="false"><li>XRP was created in response to Bitcoin's limitations such as slow transactions, high energy use, and limited scalability as early as 2011.</li><li>Ripple's co-founder Chris Larsen stated that XRP was initially intended to improve upon Bitcoin's design rather than compete with it.</li><li>XRP, launched in 2012, aimed to be a faster, more scalable digital asset for payments, with the ability to handle up to 1,500 transactions per second compared to Bitcoin's seven transactions per second.</li><li>Today, XRP serves as a bridge currency enabling fast and low-cost transactions, with applications beyond remittances, such as supporting smart contracts and initiatives involving tokenized assets and CBDCs.</li></ul>

Was XRP Created to Fix Bitcoin’s Flaws?

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