#AbuDhabiStablecoin XRP is a real-time gross settlement system, a currency exchange, and a remittance network, also known as the Ripple Transaction Protocol or Ripple Protocol. It is built on open-source Internet protocol software, a distributed ledger, and a local currency called XRP. Launched in 2012, XRP aims to enable secure, instantaneous, and very low-cost global financial transactions, with no claims after completion regarding disputed transactions.