What is XRP?

XRP

A digital asset designed for global payments

XRP is a digital asset created to support fast and efficient international payments. It is closely associated with Ripple, a company that develops payment technology for banks and financial institutions. While Ripple builds the software and network, XRP is the digital asset that can be used within these systems to move value across borders.

XRP is designed to make international transfers quicker, cheaper, and more reliable by acting as a bridge between different currencies. This allows money to move directly between countries without relying on multiple intermediaries.

Why XRP?

XRP focuses on improving how money moves around the world:

Fast settlement: Transactions using XRP are typically completed within seconds, compared to traditional transfers that may take days.

Low transaction costs: Fees on the XRP Ledger are minimal, making frequent and large-value transfers more efficient.

Currency bridge: XRP can be used to convert between different fiat currencies, reducing the need for pre-funded accounts in foreign markets.

These features make XRP particularly relevant for payment providers and financial institutions operating across borders.

How XRP is used in payment networks

Ripple’s payment network allows financial institutions to send money globally using modern payment infrastructure. Within this system, XRP can be used as a bridge asset to facilitate instant currency exchange between different markets.

By using XRP for liquidity on demand, institutions can move funds without holding capital in multiple currencies ahead of time. This approach aims to simplify international payments and reduce operational costs.

Invest in XRP

Virtune XRP ETP is a physically-backed exchange-traded product (ETP) designed to offer investors a secure and cost-effective way to gain exposure to XRP. This is made possible through a transparent and physically-backed structure with institutional-level security.

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Ripple Explained: The Digital Asset for Fast and Cost-Effective International Payments