The blockchain-based alternative to processing payments on an international scale.
XRP (XRP) Fact Sheet
- XRP is the digital asset built explicitly for facilitating digital payments and is the native cryptocurrency of the XRP Ledger (XRPL) developed by Ripple Labs.
- Ripple Labs, Inc. is an American technology company developing the Ripple payment protocol and exchange network. Originally named Opencoin and renamed in 2015, the company was founded in 2012 and is based in San Francisco, California.
- The XRP Ledger (XRPL) is a fast, energy-efficient, and reliable blockchain network that lets anyone connect through a peer-to-peer (P2P) network and contribute to its management.
- RippleNet is a platform created in 2012 to offer banks and financial institutions a real-time gross settlement system.
- Anyone can download and run the XRP Ledger to become a validator, and the total supply of XRP is capped at 100 billion coins, with the available supply decreasing over time.
- Ripple did not issue and does not oversee XRP; Ripple is simply a part of the broader ecosystem through which the XRP cryptocurrency is utilized, which means that the XRP Ledger can live on, even if Ripple as a company goes away.
BNB Historical Data Price Chart in the U.S. Dollars (USD)
XRP Historical Data Price Chart in the U.S. Dollars (USD). Source: TradingView
What is XRP (XRP)?
The XRP Ledger (XRPL) was initially created to enable low-cost transactions and provide developers with a robust and open-source foundation to achieve demanding projects without impacting the environment.