XRP Ledger
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Your questions about XRP, answered
Overview of XRP
What is XRP?
XRP is a digital asset native to the XRP Ledger, a decentralized, permissionless, open-source blockchain technology.
Created in 2012 specifically for payments, XRP can settle transactions in the ledger in 3-5 seconds. It was designed to be a superior Bitcoin: faster, cheaper, and more environmentally friendly than any other digital asset.
Benefits
XRP
Bitcoin
Fast 3-5 seconds to settle 500 seconds to settle
Low cost $0.0002/transaction $0.50/transaction
Scalable 1,500 tx per second 3 tx per second
Sustainable Environmentally sustainable (insignificant energy consumption) 0.3% of global energy consumption
XRP can be sent directly without the need for a central intermediary, making it a practical tool to quickly and efficiently connect two different currencies. It trades freely in the open market and is used in the real world to facilitate cross-border payments and microtransactions.
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Financial institutions
Leverage XRP as a bridge currency to facilitate faster and more affordable cross-border payments worldwide.
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Individual consumers
Use XRP to move different currencies around the world.
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The XRP Ledger is designed for businesses.
The only major L-1 blockchain designed for enterprises and specifically to drive large-scale use cases and financial applications. With enough power to drive a new economy, XRP Ledger (XRPL) is fast, scalable, and sustainable.
How is XRP used in trading?
XRP trades on over 100 markets and exchanges worldwide.
The low transaction fees, reliability, and high speed of XRP allow traders to use the digital asset as a reliable, cost-effective, and high-speed collateral everywhere they trade, leveraging arbitrage opportunities, meeting margin calls, and managing overall trading inventory in real time.
Due to the inherent properties of XRP and the ecosystem surrounding it, traders around the world can transfer collateral, bridge currencies, and exchange from one cryptocurrency to another almost instantly, through any exchange on the planet.
What is the relationship between Ripple and XRP?
Ripple is a technology company that facilitates the creation of a high-performance global payments business. XRP is an independent digital asset.
There is a finite amount of XRP. All XRP already exist today; no more than the original 100 billion can be created. The founders of XRPL donated 80 billion XRP, the native currency of the platform, to Ripple. To ensure the predictability of XRP supply, Ripple has locked 55 billion XRP (55% of the total possible supply) in a series of escrow accounts using the XRP Ledger itself. The transaction processing rules of XRPL, enforced by the consensus protocol, control the release of XRP.
