XRP

XRP price

XRP
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$0.35288

-$0.00483 (-1.35%)

24H
  • 1H
  • 24H
  • 1W
  • 1M
  • 1Y
  • ALL
ALL
1Y
1M
1W
24H
1H
Market cap
$17.69B
Volume (24h)
$2.40B
Circulating supply
49,82,60,21,773

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XRP/USDT
₮0.35$0.36
-1.36%
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About XRP (XRP)

Ripple is the name of a San Francisco-based fintech company that created and implemented the XRP Ledger, or XRPL, in 2012 — known at the time as the Ripple Consensus Ledger. XRP is the XRPL's native cryptocurrency. However, you'll often see Ripple used to refer to both the company and the currency. Ripple's goal is to improve payments among traditional financial institutions, such as banks and other money service providers. Since wire-transfer technology hasn't been updated in decades, global payments are often expensive and can take days to finalize. In contrast, transactions on the XRP Ledger settle in just 3–5 seconds, with negligible fees. The XRP Ledger is a distributed database of all users' balances, maintained by independent validator nodes. In place of Bitcoin's resource-intensive proof-of-work, XRPL uses a mechanism called the XRP Ledger Consensus Protocol to ensure nodes agree with a single history of previous transactions. Validators evaluate changes to the ledger proposed by a Unique Node List — their own selection of trusted validator nodes. Since UNLs consist of participants trusted to not collude with one another, arriving at consensus and processing transactions is much quicker than currently possible in systems where all participants are presumed to be adversarial (such as with Bitcoin). Ripple also manages a payments network built on the XRPL called RippleNet. As of 2021, it offers more than 300 financial institutions a range of products to speed up and reduce the cost of international transactions. Although RippleNet members can use XRP as a bridging currency when making global payments via its on-demand liquidity product, the network also supports transactions in a range of traditional currencies and assets.

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About the founders

David SchwartzCTO

David is one of the original architects of the Ripple consensus network. Prior to joining Ripple, David Schwartz was Chief Technical Officer for WebMaster Incorporated, a Santa Clara software developer. He developed encrypted cloud storage and enterprise messaging systems for organizations like CNN and the National Security Agency (NSA). Known as “JoelKatz,” he is a respected voice in the digital currency community.

Ron WillCFO

Before joining Ripple, he was the CFO at TubeMogul, Inc., a public advertising software company based in Emeryville, California that was acquired by Adobe for $540 million. Prior to TubeMogul, Ron was CFO, Chief Compliance Officer and Operating Partner at Mainsail Partners, a growth equity firm with more than $750 million in committed capital. Ron also held a CFO role at BrightRoll, Inc., a video advertising platform, where he helped scale the company and grow revenue by 500% in four years.

XRP price statistic

Price today
XRP price
$0.35288
Price change (24h)
-$0.00483
-1.36%
Low and high (24h)
$0.34002Low
$0.39791High
Volume (24h)
$2.40B
Circulating supply
49,82,60,21,773
Market cap
$17.69B

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