Bitcoin is the most famous cryptocurrency and has the latest market share in the market currently, followed by Ethereum. As the whole crypto space is unfolding quickly across the world, with many companies accepting payment in cryptocurrency, many new cryptocurrencies are being launched quite frequently. Ripple is one such technology that acts as both a cryptocurrency and digital payment system. Ripple Labs developed Ripple or XRP. It is a payment settlement system, currency exchange, and asset transfer system, unlike Bitcoin, which is just a digital currency.