What is XRP?
XRP is a digital currency that can be used for payments. It is the native digital currency on the XRP Ledger, an open-source, permission less, and decentralized blockchain technology that can settle payments in 3-5 seconds.
XRP can be sent directly to the recipient without the need for a central intermediary. This makes it a convenient tool in bridging currencies quickly and efficiently.
What is XRP used for?
Faster, less costly and more scalable than any other digital asset, XRP and the XRP Ledger are used to power innovative technology across the payments space.
Ripple's mission is to develop technology that will enable XRP to be used in new ways and help transform global payments. Other XRP-related uses are being pursued by third parties.
RippleNet customers have the option to use XRP instead of pre-funding for cross-border liquidity. This allows them to settle quickly, pay lower exchange fees, and make more efficient use of their working capital.