XRP (XRP)

Move money anywhere. In seconds, not days.

What is XRP?

XRP is the native token of the XRP Ledger, a blockchain built specifically for fast and efficient value transfer. While many cryptocurrencies focus on programmability or smart contracts, XRP was designed with one clear purpose: moving money across borders as quickly and cheaply as possible.

Transactions on the XRP Ledger settle in 3 to 5 seconds and cost a fraction of a penny. This speed and efficiency have made XRP attractive to financial institutions and payment companies looking to modernize cross-border transfers that currently take days through traditional banking rails.

The XRP Ledger also supports tokenization, allowing anyone to issue and trade digital assets on the network. A built-in decentralized exchange lets these assets be traded directly on-chain without relying on third-party platforms.

How XRP Works

Unlike Bitcoin which uses energy-intensive mining, the XRP Ledger uses a consensus mechanism where a group of trusted validators agree on which transactions are valid. Think of it like a group of accountants who check each other's work — if the majority agree the numbers are right, the transaction goes through. This process takes just 3-5 seconds and uses very little energy, making it one of the fastest and most efficient payment networks in crypto.

XRP Ecosystem

Instant cross-border payments and remittances
On-chain decentralized exchange for trading any tokenized asset
Tokenization of real-world assets on the XRP Ledger
Micropayments and content monetization
Enterprise payment solutions through RippleNet partnerships

Team & Development

The XRP Ledger was created by Jed McCaleb, Arthur Britto, and David Schwartz in 2012. Ripple Labs is the primary company building enterprise solutions using the XRP Ledger, though the protocol itself is open-source and maintained by independent developers. The XRPL Foundation supports community-led development.

Frequently Asked Questions

Is XRP the same as Ripple?

No. XRP is the cryptocurrency. Ripple is the company that builds enterprise payment products using the XRP Ledger. They are related but distinct — XRP exists independently of Ripple the company.

Do I need a destination tag when receiving XRP?

It depends on your wallet. Personal wallets like XUMM typically do not require one. Exchange wallets almost always do. When buying through Swaps, you will be prompted if a tag is needed.

What is the XRP wallet reserve?

The XRP Ledger requires a minimum of 1 XRP to activate a new wallet address. This reserve prevents spam on the network and is held in your wallet, not charged as a fee.

Buy XRP on Swaps

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