What is XRP?

XRP is a digital asset built for payments and the native asset on the XRP Ledger (also known as XRPL). XRPL is an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds. XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently. Unlike most cryptocurrencies out there that cater to peer-to-peer needs, XRP was made to connect banks, payment providers and digital asset exchanges, enabling real-time settlement expeditions and lower transaction fees.

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