XRP

XRP is a cryptocurrency designed for fast, low-cost cross-border payments using the XRP Ledger.

What Is XRP? XRP is a digital asset built for fast and low-cost cross-border payments, operating on the XRP Ledger and widely used by financial institutions.

A digital asset built for global payments. Instead of mining, it uses a unique consensus ledger where independent servers continuously compare transaction records to reach agreement within seconds, making it suitable for institutional cross-border settlements.

Institutional Liquidity: Used by banks and financial institutions as a bridge currency for real-time, low-cost international settlement and to support liquidity in global payment corridors.

Pre-Mined Settlement: All tokens were created at launch, with a large portion historically held by Ripple. Used by financial institutions as a bridge asset for real-time gross settlement (RTGS), reducing the need for pre-funded Nostro accounts.