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Info
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About Ripple (XRP)
XRP Ledger is a decentralized, layer-1 blockchain with reliability and stability proven for over a decade. It is trusted by businesses and builders globally for the efficient tokenization and exchange of crypto-native and real-world assets.
XRP is the native token of the XRP Ledger (XRPL), similar to ETH for the Ethereum blockchain or BTC for Bitcoin.
XRP facilitates transactions on the network, protects the ledger from spam, and bridges currencies in the XRP Ledger’s native decentralized exchange (DEX).
Ripple is a technology company whose solutions use XRPL, XRP, RLUSD, and other digital assets. Ripple is also a holder of XRP and one of many developers building on and contributing to the XRP Ledger.
By using XRP for cross border payments, financial institutions can bridge currencies and ensure payments are sent and received in local currency on either side of a transaction in as little as 3 seconds.
Ripple Custody is the industry standard for institutional-grade digital asset infrastructure. With support for XRPL, XRP and other blockchains and tokens, financial institutions can tap into new markets and access the entire digital asset ecosystem
The majority of Ripple’s XRP supply is held in escrow. The company also publishes quarterly sales and escrow market activity reports for the global XRP community.
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