XRP Specifications

Type

COIN

Algorithm

Protocol

RPCA

Start Date

02/02/2013

Max Supply

100,000,000,000

Circ. Supply

57,564,441,898

Website

Explorer

Social Media

Info

XRP is the native cryptocurrency of the XRP Ledger, a decentralized blockchain designed to facilitate fast, low-cost cross-border payments. XRP offers high-speed transactions, making it a preferred choice for global financial settlements and token swaps. Its ability to function as a bridge currency for seamless exchanges between different fiat and cryptocurrencies has solidified its position in the market.

Market Impact

XRP has significantly influenced the global payment industry by offering an efficient alternative to traditional systems like SWIFT. Its low transaction fees and rapid processing times make it ideal for token swaps on decentralized platforms. XRP's adoption by financial institutions and its use in cross-border payments have strengthened its role as a key player in digital asset exchanges and international remittances.

History

XRP was introduced in 2012 by Ripple Labs to address inefficiencies in traditional banking systems. The XRP Ledger was developed to enable fast, scalable and energy-efficient transactions. Unlike many other cryptocurrencies, XRP was pre-mined, with a fixed supply of 100 billion tokens. Over the years, XRP has been integrated into various financial institutions and decentralized platforms, where it is used for exchanges and liquidity provisioning.

Features

Fast Transactions
XRP processes transactions in 3-5 seconds, making it one of the fastest blockchain solutions for token swaps and financial settlements.
Cost-Effective Payments
With minimal transaction fees, XRP is well-suited for both small-scale transfers and large-scale exchanges, ensuring affordability and accessibility.
Cross-Border Utility
XRP acts as a bridge currency, enabling seamless exchanges between fiat and cryptocurrencies, simplifying international payment processes.

Website

Explorer

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*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.