$XRP

Tokens

What is XRP?

Team LCX

July 24, 2023

XRP, the Ripple token, enables efficient and low-cost cross-border transfers of funds, ensuring instant and reliable transactions. Its primary purpose is to act as a bridge currency, providing financial institutions with a more economical way to exchange various cryptocurrencies and fiat currencies.

What is Ripple?

Ripple is a private fintech company that offers a global payment solution through its proprietary payment network called Ripple Network (also known as RippleNet). RippleNet is a payment network built on the Ripple consensus ledger known as XRP Ledger (also known as XRPL). Ripple funded the development of the open-source XRP Ledger.$ETH

Unlike most cryptocurrencies that serve the needs of peer-to-peer networks, Ripple was designed to connect banks, payment service providers, and digital asset exchanges, enabling real-time settlement and lower transaction fees.$BTC