Buy Ripple (XRP)

What is Ripple (XRP)?

Ripple (XRP) is the native cryptocurrency of the XRP Ledger (XRPL), a decentralised blockchain launched in 2012 for fast, low-cost cross-border transactions. Using a unique consensus algorithm rather than Proof of Work or Proof of Stake, it settles transactions in seconds at minimal cost. The built-in decentralised exchange (DEX) uses XRP as a bridge currency, supporting global liquidity. Despite regulatory scrutiny, XRP remains widely adopted for its speed, scalability, and efficient payment solutions.

How does Ripple (XRP) work?

XRP operates on the XRP Ledger (XRPL), a decentralised layer-1 blockchain known for its reliability and efficiency. It uses a consensus protocol to confirm transactions in about 4–5 seconds, handling up to 1,500 transactions per second. The ledger’s Unique Node List (UNL) ensures validator agreement on each new state, and XRPL is also working to integrate smart contracts through an EVM sidechain.

What are the potential use cases for Ripple (XRP)?

Ripple is primarily used for fast, cost-effective cross-border payments, providing liquidity in the crypto market, offering Central Bank Digital Currency (CBDC) solutions, tokenising real-world assets on the XRP Ledger (XRPL), and enabling stablecoin integration—exemplified by projects like RLUSD.

In practice, this technology has been adopted by numerous financial institutions for more efficient liquidity management and cross-border transfers. Ripple has also partnered with platforms like Archax to tokenise assets, and it’s making strides in CBDC pilots—such as a 2023 collaboration with the Central Bank of Montenegro—highlighting its growing role in bridging traditional banking with blockchain-based innovations.

What is the history of Ripple (XRP)?

Ripple was created by David Schwartz, Jed McCaleb, and Arthur Britto, who launched the XRP Ledger (XRPL) in June 2012. Originally named NewCoin, the company was soon renamed Ripple, integrating the XRPL into its payment protocol for near-instant international money transfers. Over the years, Ripple gained significant traction through partnerships with financial powerhouses such as American Express and MoneyGram, becoming one of the top cryptocurrencies by market capitalisation.

In 2020, the XRPL Foundation was formed to drive adoption of XRP’s decentralised ledger. Despite regulatory challenges, including a high-profile lawsuit with the U.S. SEC, Ripple continues to expand globally, offering On-Demand Liquidity (ODL) solutions for cross-border payments and working on CBDC initiatives with various central banks. Known for its efficiency and sustainability compared to energy-intensive blockchains like Bitcoin, Ripple has solidified its role in the global payments ecosystem.