Thinking Crypto
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What does XRP Stand For/Mean? - Ripple Opens Office in Chelsea NYC - Upcoming Exclusive Interview!
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January 22, 2018
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5:45Now PlayingEvery wondered why Ripple names its crypto XRP? Here is an explanation. Threeletter currency codes are formed by appending a single character to the twoletter country code of the issuing country. Since the United States’ country code is “US”, US dollars have the currency code “USD”. Some noncountries still have country codes. The EU has the country code “EU”, so the currency code for Euros is “EUR”.
Of course, XRP is not issued by any country. For assets not issued by any country, the first letter must be X. No country codes starting with X will be issue. So, for example, since the chemical symbol for gold is Au, gold’s currency code is XAU. Some people use “BTC” for bitcoin, but people who care about standards use “XBT”. XRP’s first letter is X because XRP is not issued by any country. In the early days, we called the ledger’s native asset “ripples”. So the natural currency code to choose was “XRP”. Blockchain technology company Ripple, which created the cryptocurrency XRP, is opening an office in Chelsea NYC.
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Disclaimer - Thinking Crypto and Tony Edward are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice.
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