Ripple (XRP) is a digital asset designed for fast, low-cost international transactions. Unlike traditional banking systems that rely on slow, expensive intermediaries, XRP enables near-instant global payments using the XRP Ledger (XRPL)—a decentralised blockchain launched in 2012.
People search for XRP to understand its role in modern finance, particularly in:
XRP operates on the XRP Ledger (XRPL), a layer-1 blockchain built for efficiency and reliability. Unlike Bitcoin or Ethereum, XRPL does not use Proof of Work (PoW) or Proof of Stake (PoS). Instead, it relies on a unique consensus protocol where validators confirm transactions without mining.
XRP is not just a cryptocurrency—it powers real-world financial applications.
Problem: Traditional money transfers (SWIFT, wire transfers) take days and charge high fees.
XRP Solution: Instant transactions with near-zero costs.
Used by banks, remittance companies, and fintech firms, XRP facilitates liquidity on demand for seamless currency exchanges.
XRP acts as a bridge asset between fiat and digital currencies, improving liquidity for traders and exchanges.
Governments are exploring CBDCs—digital versions of national currencies. Ripple collaborates with central banks (e.g., Montenegro) to develop CBDC frameworks on XRPL.
Platforms like Archax are using XRP Ledger to tokenise traditional assets (e.g., stocks, bonds, real estate), making them more accessible and tradable on-chain.
Founded in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto, the XRP Ledger (XRPL) was designed to improve financial transactions.