XRP / Ripple

What Is XRP?

XRP is a digital asset designed for fast, low-cost international payments, developed by Ripple Labs to improve the global movement of money. Launched in 2012, XRP runs on the XRP Ledger, a decentralized, open-source blockchain specifically built for high-speed financial transactions.

Unlike Bitcoin and Ethereum, which can take minutes to process transactions, XRP settles payments in just seconds with very low fees—making it attractive for banks, payment providers, and remittance companies. Ripple has partnered with major institutions like Bank of America, Santander, and SBI Holdings to streamline cross-border payments using XRP.

XRP is not mined, which reduces energy usage and enhances transaction efficiency. Its main use case is real-time settlement for global money transfers, offering a scalable alternative to outdated SWIFT systems.

As blockchain adoption increases across financial institutions, XRP is positioned as a utility-driven digital asset with a specific, real-world application. For investors, it provides potential exposure to the infrastructure that may power the future of global finance.