API ID:
ripple
Trade Symbol:
Coin or Token:
Max Supply:
Use Case:
Launch Date:
Coin Overview
XRP
Coin
100 Billion
Payments
June 2012
XRP
XRP is the native digital currency of the XRP Ledger, a blockchain built for quick and affordable international money transfers. Unlike traditional banking systems that can take days to process cross-border payments, XRP transactions settle in seconds, making it an efficient solution for financial institutions and individuals. Ripple Labs did not create XRP but promotes its use in global payment systems
A Deeper Dive
Technology & Use Case
XRP Ledger is a decentralized blockchain optimized for payments, not mining. It uses a consensus protocol, which allows transactions to settle in 3–5 seconds with minimal fees. This makes it especially suitable for remittances, cross-border transfers, and liquidity between different currencies.
Origins & Team
XRP Ledger launched in 2012, created by David Schwartz, Jed McCaleb, and Arthur Britto. Soon after, they teamed up with Chris Larsen to form Ripple Labs, which uses XRP and its ledger to build payment solutions for banks and businesses. While Ripple doesn’t control XRP, it plays a major role in driving its adoption.
Ecosystem & Partnerships
XRP has been adopted by payment firms, remittance providers, and financial institutions worldwide. Ripple’s network, known as RippleNet, uses XRP in its On-Demand Liquidity service, giving banks and businesses a faster way to move money internationally. XRP Ledger also supports tokens and smart contracts, with growing use cases beyond payments.
A Deeper Dive
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