Ripple
Price Chart
About Ripple (XRP)
XRP is the native cryptocurrency of the XRP Ledger, a decentralized public blockchain. Ripple, the company behind XRP, focuses on enabling fast, low-cost international payments and remittances for financial institutions.
XRP serves as a bridge currency in cross-border transactions, allowing for near-instant settlement without the need for pre-funded accounts in destination currencies. RippleNet, the company's payment network, uses XRP to provide liquidity for international transfers.
Key Features:
- Lightning-fast transactions (3-5 seconds)
- Minimal transaction fees ($0.0002 average)
- Designed for financial institutions and banks
- Scalable (1,500 transactions per second)
- Energy-efficient consensus mechanism
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