$XRP
Sovereign Assets • Layer 1s • Payment Networks
native XRPL payment asset
$XRP is the native digital asset of the XRP Ledger, an open-source blockchain designed for fast, low-cost cross-border payments. Created by Ripple Labs, XRP serves as a bridge currency for transferring value between different fiat currencies and financial networks. It is known for its high transaction speed, scalability, and energy efficiency compared to other major cryptocurrencies.
Use Case: A payment provider uses XRP to instantly convert USD to EUR for a customer transfer. Instead of waiting days for traditional settlement, the transaction completes in 3-5 seconds with fees of less than a penny, using XRP as the intermediary bridge asset.
Key Concepts:
- Bridge Currency — XRP’s role in connecting different fiat currency pairs for efficient conversion
- Cross-Border Payments — International transfers that XRP is designed to optimize
- Ripple Labs — The company that developed the XRP Ledger and promotes XRP adoption
- Open-Source Blockchain — The XRP Ledger operates as a transparent, community-maintained network
Summary: $XRP is built for global payment infrastructure, offering institutions a fast, scalable, and cost-effective way to move value across borders. As the native asset of the XRP Ledger, it combines speed, low fees, and environmental sustainability to serve as digital bridge currency in the evolving financial system.