XRP

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

XRP is a digital asset designed for fast and low-cost cross-border payments that operates on the XRP Ledger and is primarily used by financial institutions and payment providers.

A digital asset built for global payments. It uses a unique consensus ledger rather than mining; a network of independent servers compares transaction records constantly to reach an agreement in seconds, making it ideal for institutional cross-border transfers.

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

Pre-mined Settlement: All tokens were created at launch with a large portion held by Ripple. It is used by financial institutions as a bridge currency for real-time gross settlement (RTGS) to eliminate the need for pre-funded Nostro accounts.