What is XRP?
XRP is a cryptocurrency that runs on the XRP Ledger, a blockchain engineered by Jed McCaleb, Arthur Britto and David Schwartz. XRP is specifically about the transfer of value and built for enterprises, making it one of the few digital assets with a real, clear use case behind it. It is the native cryptocurrency of the XRP Ledger.
XRP goals
XRP's primary goal is to enable global payments using blockchain and digital assets, with XRP addressing the issue of trapped capital required for cross-border payments. The project aims to provide cross-border payment solutions to banks and financial institutions. XRP has various use cases, including cross-border payments, micropayments, e-commerce, banking, remittances, P2P lending, insurance, supply chain management, and smart contracts.
XRP fondamentals
Ripple Labs holds about 99986637553 XRP XRP in escrow, releasing up to 1 billion tokens monthly to control supply and maintain price stability.
Marketcap
$191.21B
Total number of XRP
99986637553 XRP
XRP technology
The XRP Ledger is a distributed open source protocol that supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value. It uses a unique consensus algorithm that allows for fast and secure transactions. The XRP Ledger is built for business and is designed to be the most practical cryptocurrency for applications across the financial services space.
XRP competitors
Ripple's payment network and XRP cryptocurrency offer an alternative to traditional banking infrastructure for cross-border transactions. RippleNet serves as a payment network for financial institutions, while XRP functions as a bridge currency for cross-border transactions. Ripple's technology is faster and more scalable than traditional systems, with instant cross-border payment settlement in as little as 3 seconds.
XRP price history
Frequently asked questions
Ripple is a company that aims to provide cross-border payment solutions to banks and financial institutions using blockchain technology and the XRP cryptocurrency.
XRP is used as a bridge currency for cross-border transactions, enabling fast and secure payments between different fiat currencies.
Ripple's technology uses a distributed open source protocol that supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value.
The XRP Ledger is a blockchain engineered by Jed McCaleb, Arthur Britto and David Schwartz that runs the XRP cryptocurrency.
In July 2023, the court ruled that XRP, as a digital token, is not in and of itself a 'contract, transaction, or scheme' that embodies the Howey requirements of an investment contract.
RippleNet is a payment network for financial institutions that uses Ripple's technology to optimize their existing currency transfers.
XRP transactions are fast, with instant cross-border payment settlement in as little as 3 seconds.
Yes, XRP is the fastest and most scalable digital asset, with a five-year track record of reliable technology and governance.
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