noun
$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.
« IndexWhat Is XRP and How Is Ripple Involved?
XRP is a digital asset designed for fast, low-cost international payments. It operates on the XRP Ledger (XRPL), a decentralized, open-source blockchain created to settle transactions in seconds with minimal fees and energy use.
Ripple, the company, is a private fintech firm that utilizes XRP and the XRPL in its payment solutions. Ripple’s goal is to modernize global finance by enabling banks, payment providers, and institutions to send money across borders more efficiently.
While XRP and Ripple are separate entities, Ripple holds a significant amount of XRP and actively builds utility around it—especially for enterprise use and cross-border liquidity.
An Introduction to XRP