XRP
XRP
$0.0000AUD
Market Cap
208.9B AUD
24H Trade Vol.
26.8B AUD
Total Supply
57.1B
All
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1M
1Y
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Price Changes
24H:
0.00%
7D:
+0.00%
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XRP is a fast and low-cost cryptocurrency designed for cross-border payments. Powered by the XRP Ledger, it streamlines global transactions for banks and financial institutions, offering a scalable and eco-friendly alternative to traditional systems.

What is XRP?

XRP is the digital currency behind the XRP Ledger, a decentralized blockchain designed for fast and affordable global money transfers. It's built to make cross-border payments smoother and cheaper, especially for the financial services industry.

How Does XRP Work?

XRP runs on the XRP Ledger, which uses a unique consensus process—not Proof of Work or Proof of Stake—to validate transactions. This makes transactions lightning-fast and super affordable. Unlike some cryptocurrencies, XRP can’t be mined because all tokens were created when the network launched.

What Can XRP Be Used For?

XRP shines in cross-border payments, offering a faster and cheaper alternative to traditional banking systems. It’s also used for trading and as an exchange medium for other cryptocurrencies. XRP has strong ties to the financial industry, with partnerships involving major players like Santander and Kotak Mahindra Bank.

A Quick History of XRP

XRP was launched in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto. That same year, Ripple Labs, the company behind it (initially called OpenCoin), was established. Over the years, XRP has become a big name in international payments. However, it hasn’t been without challenges, including a notable legal battle with the U.S. Securities and Exchange Commission (SEC).

Frequently Asked Questions (FAQs)