"This is the difference between XRP and Ripple."

by ecurrencyhodler @ https://www.reddit.com/r/Ripple/comments/6jd9w6/this_is_the_difference_between_xrp_and_ripple/


Here is the difference between xrp and ripple taken from their whitepapers:

1) Ripple, the company, offers banks a software called Ripple Connect (thanks /u/cmbartley) which uses InterLedger Protocol (ILP) to transfer $$ between banks with a minimal fee because it doesn't have to get transferred 2-3 times into different fiats or service fees. It simply needs to get converted once. This software DOES NOT USE XRP.

2) XRP is simply a cryptocurrency that exists outside of this software that is high in liquidity and has fast transactions. There is nothing that distinguishes XRP from other cryptocurrencies that carry the same properties such as LTC or Zcash. Source: https://youtu.be/51dMe_Oui4M?t=2439
lols this is a funny point your trying to make....
   except the only things that do distinguish XRP from the rest is high in liquidity and has fast transactions and lower cost than every single payment option on the planet, no coin or fiat option comes anywhere near as cheap or fast as XRP FACT  
 

For you newcomers out there looking to invest in this coin, you need to know the following things:

1) The success of Ripple the company is not directly tied to the value of XRP.                agree

2) When you buy Ripple, you are simply buying another cryptocurrency. It's advantages are its fast transaction times, high liquidity, and finally the various exchanges it's on. and its super super low cost

3) You are NOT buying the currency that banks are currently using to transfer their money. So banks are not buying XRP right now and you should not expect banks to buy up a whole ton of XRP in the near future.
we dont know if they are or are not buying XRP...we do know the benefits from using XRP...and we think the banks will to
and while the banks maybe buying would they tell us? lol i doubt it

4) However, Ripple the company will advocate for use of XRP as the cryptocurrency of choice within Ripple connect for banks to transfer money in the ILP between lesser known fiats outside of the USD and the Euro.
for the time being...rome wasnt built in a day either  also SBI VC opening sometime this summer, will list btc and XRP only...amongst 20 fiat currencies