XRP Ripple is a token used for representing the transfer of value across the Ripple Network. The main purpose of XRP is to be a mediator for other – both cryptocurrencies and fiat – exchanges. The best way to describe XRP is a ‘Joker’. Not the creepy Batman enemy, but the card that can be any other card. If you want to exchange dollars to euro, it can be dollar with dollars and euro with euros to minimize the commission. As highlighted above, the transaction cost on Ripple is $0.00001
Bakkt is a bitcoin futures exchange and digital assets platform founded in 2018 by the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE).
The company initially planned to open its futures exchange in 2018 but postponed its launch due to the volume of interest and the work required to prepare its services. The launch of the futures exchange was subsequently delayed several times after due to regulatory issues, reportedly pertaining to asset custody. Bakkt began testing its platform in July 2019 while waiting for regulatory approval to take the platform live.