Ripple XRP cold wallet
Ripple (XRP) Cold Wallet
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XRP is an open-source cryptocurrency project created by the private firm Ripple. Primarily a digital asset designed to overcome several problems in international banking, cross-border payments, and sourcing liquidity, XRP has remained among the top 5 cryptocurrencies by market cap since 2017.
The principal target audience of XRP is for banks and payment providers, where the exceptionally fast settlement time can function as a liquidity source that circumvents pre-funding nostro accounts and provides payment services in new markets at lower costs, respectively. An optimal perspective of XRP is a cryptocurrency that unlocks several points of friction in the international banking and payments market, from transaction delays and high fees to institutional liquidity hurdles.
The firm Ripple was formed in 2012 under the corporation OpenCoin, and development on the early iteration of XRP officially began under Jed McCaleb and Chris Larsen in late 2012.
Currently led by CEO Brad Garlinghouse, Ripple has received financial backing from several prominent investors and VC funds as well as having launched three primary financial products -- xCurrent, xRapid, and xVia.
You can recover XRP assets in any BIP39 compatible wallet by import mnemonic words or xrp private key.