"Providing a universal asset for the exchange of value worldwide."
XRP is a digital asset that’s native to the XRP Ledger (XRPL)—an open-source, permissionless and decentralized blockchain where users can send, receive, and store value using the internet without any intermediary or central authority. This technology has the ability to revolutionize the global payments system by eliminating high fees, settling transactions in seconds instead of days, and eliminating reliance on intermediaries for transferring value.
Designed to be a better version of Bitcoin, XRP is faster, cheaper, and more efficient, and can actually be used at scale to improve the global payments system by serving those who are in the business of sending, receiving, and storing money for other people.
• Speed and Efficiency: The XRPL’s consensus mechanism settles transactions in 3–5 seconds.
• Low Costs: No matter how much money you are moving, transaction fees on the XRP Ledger are cheap — usually less than a penny.
• Sustainability: The XRPL is highly energy-efficient, aligning with modern environmental standards and enabling it to be used at scale.
• Decentralization: Operated by a global network of independent validators, the XRPL ensures no single point of control or failure.
Ripple is a private company that plays a key role in developing and promoting the adoption of the XRP Ledger. While Ripple did not create the XRP Ledger, it has contributed significantly to its growth by building financial solutions that leverage its speed, low cost, and scalability.
XRP, the native digital asset of the XRP Ledger, is used by Ripple in some of its payment products to provide liquidity and enable instant cross-border transactions. Importantly, the XRP Ledger operates independently of Ripple—anyone can build on it, use XRP, or participate in the network without needing Ripple’s permission or involvement.
The XRP Ledger (XRPL) has evolved into a dynamic ecosystem supporting a wide range of applications beyond just payments. It powers decentralized exchanges (DEXs), NFT marketplaces, tokenized assets, and even gaming and metaverse projects. Developers and creators can issue custom tokens, build DeFi protocols, or launch community-driven projects—all without the need for smart contracts, thanks to XRPL’s built-in features like the native DEX and trustline system.
Use cases span from payments and tokenization of real-world assets to decentralized financial tools allowing users to trade, lend, and build applications without relying on centralized authorities. With its fast settlement times, low fees, and energy-efficient design, the XRPL continues to attract builders and businesses seeking scalable, sustainable blockchain solutions, and at the heart of it all, XRP is enabling money to move like information does today — instantly and easily.
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