... David Schwartz. All 100 billion XRP were issued at the project's outset, without a mining process, with a significant portion distributed among the founders and the company Ripple to develop the ecosystem. In its early stages, the project attracted investments from banks and venture funds that saw Ripple's potential to accelerate and reduce the cost of cross-border payments. Interesting Facts: XRP is known for its extremely fast transactions – transfers on the network take only 3-5 seconds, with fees comprising mere fractions ...