XRP (XRP)

Payment-focused cryptocurrency for cross-border settlement.

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Category
Payments · Layer 1
Launched
2012
Founders
Chris Larsen, Jed McCaleb
Consensus
XRP Ledger Consensus Protocol

About XRP

XRP is the native asset of the XRP Ledger, a fast and low-cost blockchain optimized for payments. Transactions settle in 3-5 seconds with negligible fees.

Ripple Labs, the company that originally developed the XRP Ledger, uses XRP as a bridge currency in its cross-border payments network used by financial institutions worldwide.

What is XRP used for?

  • Cross-border remittances
  • On-demand liquidity for forex pairs
  • Tokenized asset settlement

Recent XRP analysis

XRP FAQ

What makes XRP different from Bitcoin?
XRP is purpose-built for payments: faster confirmations, near-zero fees, and a fixed total supply that already exists. It does not use mining.

Disclaimer: The content on this page is for educational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile. Always do your own research and never invest more than you can afford to lose. See our methodology for details on how we generate analysis.