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Ripple (XRP)
Ripple is a technology company that utilizes the XRP Ledger (XRPL) blockchain network for fast and low-cost international money transfers. The native token, XRP, was fully created at the network’s launch in 2012, with a total supply capped at 100 billion tokens. The network is validated by a group of pre-approved validators. In addition to payments, Ripple focuses on developing solutions for central bank digital currencies (CBDCs). In recent years, XRP has played a significant role in discussions surrounding cryptocurrency regulation in the United States.Sources
Ripple and what people ask most:
What was the outcome of the lawsuit between Ripple and the SEC?
In July 2023, the court ruled that XRP is not a security when sold to retail investors on secondary markets. However, institutional sales may still be classified as securities offerings. This marked a major victory for Ripple, though parts of the legal case are ongoing.
Is XRP decentralized?
The XRP Ledger is a decentralized system operated by a network of over 150 independent validators. Unlike Bitcoin, however, validators must be approved, which some critics view as a degree of partial centralization.
What is XRP used for in practice?
XRP serves as a bridge asset for fast and inexpensive money transfers between currencies.
It is used in international payments, DeFi applications, micropayments, and more recently, for minting NFTs on the XRP Ledger.
Few of our numbers
2014
Our founding year. In crypto,
one decade is a small eternity.
one decade is a small eternity.
€4 B
The volume we managed to trade so far.
120 k+
People from all over the world put their trust in us. Thank you.
