
XRP
XRP#5About XRP (XRP)
What is XRP? XRP is the native digital asset of the XRP Ledger, an open-source, decentralized blockchain designed for fast and cheap global payments. Learn how it works, its key features and what makes it unique.
About XRP
XRP is the native digital asset of the XRP Ledger, an open-source, decentralized blockchain designed for fast and cheap global payments. Ripple Labs created XRP to serve as a bridge currency enabling financial institutions to settle cross-border transactions in seconds at minimal cost. Unlike Bitcoin, XRP does not use proof-of-work mining; instead it relies on a unique consensus protocol. XRP has been the subject of a landmark SEC lawsuit, with Ripple securing a partial legal victory in 2023. XRP is increasingly used in RippleNet's On-Demand Liquidity product for real-time cross-border settlement.