What is XRP?
XRP is designed for fast, low-cost international payments. Developed by Ripple Labs, it aims to replace traditional correspondent banking with instant settlement.
Key Features
- Technology: Ripple Protocol Consensus
- Use Case: Cross-border payments
- Consensus: RPCA
- Launch Year: 2012
How Does XRP Work?
XRP operates on a payment-focused distributed ledger. The network is designed to facilitate fast international money transfers. XRP tokens are used for bridge currency for transactions.
How to Buy XRP
You can purchase XRP on major cryptocurrency exchanges including:
Storing XRP Safely
For long-term storage, consider using a hardware wallet like Ledger Nano X or a software wallet that supports XRP. Always keep your private keys secure and never share them.
XRP Price Analysis
XRP has shown volatile trading over the past year. As with all cryptocurrencies, XRP is subject to market volatility. Always do your own research before investing.