Ripple
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Ripple
Ticker Symbol:
XRPUSD
Unit of Measurement:
Price of 1 XRP in US dollars
XRP is a cryptocurrency created by Ripple Labs. It’s designed to be a fast, low-cost alternative to traditional cross-border payment methods, such as wire transfers. XRP operates on a decentralized, open-source platform and can facilitate cross-border transactions between financial institutions, such as banks, payment providers, and digital asset exchanges. Unlike other cryptocurrencies, XRP is not mined and has a fixed supply, with most of it held by Ripple Labs.
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