XRP (XRP) Current Live Value

Ripple (XRP)

Ripple (XRP) had its origins way back in 2004 as Ripplepay when its developer established it as an online payment system. This original fintech company formed the foundation for both the digital coin Ripple (XRP) and the Ripple network.

The network acts as a digital exchange or clearing house for any and all goods, though it is primarily used to enhance cross-border transactions between financial institutions. The actual digital currency was first released in 2012 to facilitate transactions on the network, and the value of Ripple has quickly risen to the point where it is among the top cryptocurrencies by market cap.

Ripple is based on consensus between voluntary parties, whose transactions are recorded on the blockchain. This process means that it avoids the need for the mining that underpins many other cryptocurrencies, such as Bitcoin (BTC).

Ripple boasts the fastest transaction speeds among all digital currencies, far outpacing its major rivals by reliably transacting in seconds while other major cryptocurrencies can take hours. The network can even rival some of the fastest traditional payment systems, such as VISA.

The internal failsafes designed to protect the integrity and functioning of the network and coin are considered to be among the most advanced in the industry, making it an extremely safe and secure digital currency.