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What is XRP?

What is XRP?

XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger – a decentralized and open-source blockchain technology that does not require permission, and can settle transactions in 3-5 seconds.

XRP can be sent directly without a central middleman, making it a convenient tool for connecting two different currencies quickly and efficiently.

RippleX is Ripple’s open developer monetization platform. Through RippleX projects, developers leverage XRP and its underlying technology in use cases ranging from micropayments, e-commerce to exchanges and peer-to-peer services.

How is XRP used?

Faster, less expensive, and more scalable than any other digital asset, XRP and the XRP Ledger are used to power innovative technology across the payments space.

Ripple focuses on building technology to help open up new utility for XRP and global payment transformation. Third parties are also chasing other use cases related to XRP.


New financial era RippleNet makes running a high-performance payments business easier than ever.

With the most advanced blockchain technology for global payments, financial institutions can expand into new markets around the world and even eliminate funding by leveraging the power of XRP through the service. Liquidity on demand by RippleNet.

Together with our clients, we are building a more inclusive financial system where more people and SMEs have access to better financial services.

How does the XRP ledger work?

The ledger is maintained by independent participants of the global “XRP Community“, of which Ripple is an active member.

Independent validation nodes come to agreement on the order and validity of XRP transactions. This agreement, called consensus, serves as final and irreversible agreement. The ledger reaches a consensus on all outstanding transactions every 3-5 seconds, at which point a new ledger is released. Anyone can be validators and validators are active on today’s ledger including universities, exchanges, and financial institutions. There are 36 validators now, and Ripple runs 6 of them – 16%.

5 amazing benefits of the Ripple / XRP cryptocurrency

Payments moving on the XRP Ledger will settle in 4 seconds.This rate beats the nearest cryptocurrency to complete a transaction in 2 minutes while the third fastest cryptocurrency will leave you waiting for more than an hour.

Can be expanded

XRP always processes 1,500 transactions per second, 24×7, and is scalable to handle throughput similar to Visa.


With over 39 billion tokens issued worldwide, there are enough coins for as many transactions as you want to complete. While there are over 1500 altcoins in circulation, Ripple has been adopted by more than 100 companies around the world and is helping them move money around. The original development goal was to assist companies and banks, among other financial institutions, to transport money. Ease of adoption by financial institutions also adds to its legitimacy and increasing value.


XRP can process more than 1,500 transactions per minute with incredible accuracy and consistency. Scalable to manage the same throughput as some of the most widely used financial systems like VISA. The nearest altcoin can only process 15 transactions per second, followed by cryptocurrencies 3-6 transactions per second at a far third. Impressive speed gives you more confidence in transactions and partnerships


The XRP Ledger settles XRP transactions instantly without the energy costs associated with proof of work (or mining).

Ripple as a cryptocurrency is providing the stability and confidence that businesses demand during transactions. Its use over the years is appreciated by investors and businesses as well as its reliability in the transaction process. Ripple is a financial revolution that is spreading around the world today and will change the way you do business.


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