XRP

Utility for the new global economy

Fast and green, the digital asset XRP was built to be the most practical cryptocurrency for applications across the financial services space.

XRP powers innovative technology transforming the global financial services space

Companies, institutions, developers and individuals around the world use XRP and the blockchain on which it runs, the XRP Ledger (XRPL), because of its extraordinary utility.

Financial Institutions

Use XRP to bridge two currencies to facilitate faster, more affordable cross-border transactions around the world.

Individuals

Use XRP as a more accessible alternative to traditional banking and to move different currencies around the world.

Developers

Use the XRP Ledger’s strong open-source foundation to build powerful applications without hurting the environment.

This open-source, permissionless and decentralized technology is carbon-neutral and fast—settling transactions in 3-5 seconds.

XRP's unmatched benefits

Fast

Transactions settle on the XRP Ledger in 3-5 seconds.

Low-Cost

XRP transaction fees cost $0.0002 per transaction on average.

Scalable

The XRP Ledger consistently handles 1,500 transactions per second, 24x7.

Stable

There have been 70M closed ledgers since 2012.

Sustainable

The XRP Ledger is 61,000x more energy-efficient than proof-of-work blockchains.

Distributed

The XRP Ledger is decentralized, run by a global network of 150+ validators.

Why Ripple uses XRP and XRP Ledger

Instant cross-border payment settlement

By using XRP for cross-border payments, 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.

Sustainable central bank digital currencies

Using a private version of the public, open-source XRP Ledger, Central Banks can use a secure, controlled and flexible solution for the issuance and management of digital currencies.

Powerful utility for developers

The team at Ripple focused on building XRPL tools, services and other resources—team RippleX—partner with the global XRPL developer community to build the greenest infrastructure for blockchain applications and innovations.

Facts about XRP

In 2012 David Schwartz, Jed McCaleb, and Arthur Britto launched the XRP Ledger, with its native currency XRP. In September that year, along with Chris Larsen, they founded the company that is today known as Ripple.

The XRPL architects gifted 80 billion XRP to Ripple so that the company could build use cases around the digital asset.
Ripple placed 55 billion XRP into a cryptographically-secured escrow account. By securing this XRP, people can mathematically verify the maximum supply of Ripple's XRP that can enter the market.

TOTAL XRP HELD BY RIPPLE 5,943,842,187
TOTAL XRP DISTRIBUTED 46,946,349,017*
TOTAL XRP PLACED IN ESCROW 47,100,000,013
* As of October 10th, 2021. Total includes pending business development agreements.
As an active member of the XRP community, Ripple believes in information transparency. To learn more about quarterly sales and escrow activity, read the latest XRP markets report.
Unlike other blockchains, the XRPL uses a consensus protocol, in which designated servers called validators come to an agreement on the order and outcome of XRP transactions every 3-5 seconds.

XRPL's diverse list of validators helps ensure its long-term health and consensus among different market participants to secure the XRPL. Learn more about how it works at XRPL.org.
If you're looking to get started building on the XRP Ledger, check out XRPL.org, where you'll find comprehensive documentation, training, and support for developing on the XRPL.

XRP