Ripple's senior executive clarifies the distinction between Ripple and XRP, stating they are separate entities without ownership connection.
XRP is a digital token on the XRP Ledger, enabling fast and low-cost transactions, processing over 1,500 transactions per second with minimal fees.
Ripple, a fintech firm, uses XRP in its solutions but does not control the XRP Ledger, which operates in a decentralized manner without a central authority.
The XRP Ledger's independence allows for open development, free from control or limitations, emphasizing fast and efficient payment services in the financial industry.