xrp

XRP

(xrp)
$1.60 -0.05%

ranking

5

24h_volume

$10.17 b

circulating_supply

$46.03 b

market_cap

$73.57 b

Sobre XRP

Ripple is the name of a digital payment network powered by blockchain technology, operating a payment settlement protocol and remittance system similar to the SWIFT system used by banks for international money transfers.

It is also the common name for the native token issued on the network, known as XRP, although the use of XRP is not mandatory on the network. Ripple transactions use less energy than Bitcoin, cost very little and can be confirmed in a shorter time than Bitcoin, making it more attractive for uses that need high volume and high velocity over the highly decentralized properties of Bitcoin.

The XRP token is commonly used as a bridge to transact against other currencies; a user does not necessarily have to transact with a single currency on the Ripple network, as they can transfer currencies to trusted gateways in the Ripple ecosystem that automatically convert the received currencies to the recipient’s preferred currency.