XRP

The native digital asset of the XRP Ledger , a Layer 1 blockchain designed for cross-border payments, enabling settlement in 3 to 5 seconds and serving as a bridge asset between fiat currencies for financial institutions worldwide.

What is XRP?

A digital bridge asset enabling near-instant cross-border settlement, reducing liquidity costs for financial institutions and eliminating the need for pre-funded accounts in traditional payment corridors.

Bitcoin is the first decentralized cryptocurrency, created in 2009 by an individual or group using the pseudonym Satoshi Nakamoto. It operates as a peer-to-peer electronic payment system that enables direct transactions between users without intermediaries such as banks or payment processors.

Bitcoin transactions are secured using the SHA-256 cryptographic algorithm and recorded on a distributed public ledger called a blockchain, maintained across thousands of computers worldwide. New blocks are added approximately every 10 minutes.

Cross-Border Payment Asset

XRP functions as a bridge asset between different fiat currencies, reducing liquidity costs and eliminating the need for pre-funded accounts in traditional payment corridors. It enables settlement of transactions in 3 to 5 seconds.

XRP Ledger , Layer 1 Blockchain

The XRP Ledger is a Layer 1 blockchain designed specifically for cross-border payments. It sustains approximately 1,500 transactions per second and includes a built-in decentralized exchange for trading tokenized assets.

Federated Consensus Protocol

The XRP Ledger utilizes a federated consensus protocol with a Unique Node List (UNL) of trusted validators. An eighty percent agreement threshold among these validators is required to finalize transactions , no mining or staking needed.

Anti-Spam Fee Burn

To prevent spam, a minimal amount of XRP is permanently burned with each transaction. This mechanism keeps the network clean without requiring expensive proof-of-work computations, keeping fees low and throughput high.

History & Origins

The XRP Ledger originated in 2004 and was developed in its current form by Jed McCaleb and Chris Larsen. Ripple, the company established to advance payment solutions using the network, maintains partnerships with financial institutions globally.

Institutional Utility

XRP serves as collateral for institutions accessing traditional markets and managing digital asset infrastructure. Ripple's payment network positions XRP as the settlement layer for institutional cross-border liquidity solutions.

Adoption & Developments

XRP adoption has expanded through institutional ETF approvals, financial institution partnerships, and continued growth of the open-source XRP Ledger.

Spot XRP ETFs (November 2025)

In November 2025, the U.S. Securities and Exchange Commission approved spot XRP exchange-traded funds, marking expanded institutional access. ETFs were launched by Bitwise, Grayscale, 21Shares, Canary Capital, and Franklin Templeton on NYSE Arca, Nasdaq, and Cboe BZX.

Financial Institution Partnerships

Ripple maintains active partnerships with financial institutions seeking to modernize cross-border payment infrastructure. The XRP Ledger provides a settlement alternative to correspondent banking for institutions operating in high-volume payment corridors.

Open-Source Decentralized Network

The XRP Ledger continues to operate as an open-source and decentralized network independent of any single entity. Its built-in DEX and tokenization capabilities support a growing ecosystem of asset issuance and DeFi applications.

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