Could you please clarify about it? Ripple and XRP are not the same coin? Then why everywhere Ripple's symbol is XRP?
I'm not 100% sure if this is true, but recently I heard the same thing in an interview. I was somehow under the impression that one would need XRP as gas to move assets on the Ripple network. But it doesn't look so:Quote
Here is the difference between xrp and Ripple Connect 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 $$ between banks with a minimal fee because it doesn't have to get transferred 2-3 times into different fiats or service fees. It simply needs to get converted once. This software DOES NOT USE XRP. XRP is an option but right now banks are not choosing it because it's new and because of its volatility.
2) XRP is a cryptocurrency that exists outside of Ripple Connect that is high in liquidity and has fast transactions. Source: https://youtu.be/51dMe_Oui4M?t=2439
Source: https://www.reddit.com/r/Ripple/comments/6jd9w6/this_is_the_difference_between_xrp_and_ripple/1) Ripple, the company, offers banks a software called Ripple Connect (thanks /u/cmbartley) which uses InterLedger Protocol (ILP) to transfer $$ 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. XRP is an option but right now banks are not choosing it because it's new and because of its volatility.
2) XRP is a cryptocurrency that exists outside of Ripple Connect that is high in liquidity and has fast transactions. Source: https://youtu.be/51dMe_Oui4M?t=2439
If XRP exists in a different system, I wonder what will prevent it from plummeting in the future.
