Ripple is a start-up focusing on financial services. XRP was developed by the company for cross-border payments in seconds or less.
XRP is the cryptocurrency token of the Ripple network. It does not require any kind of mining like bitcoin, but is instead issued by a central authority. The XRP token can be used with any type of currency- fiat or digital- and it’s also worth mentioning that it doesn’t require any fees for transactions.
Ripple, on the other hand, is a real-time gross settlement system (RTGS), currency exchange and remittance network created by Ripple Labs Inc., which uses XRP as its primary method of sending money globally.