What is Ripple? Ripple(XRP) is the digital asset for payments on RippleNet. Built for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. XRP consistently handles 1,500 transactions per second, 24x7. It’s an open-source technology, built on the principles of blockchain with a growing set of validators.
Ripple connects banks and payment providers via RippleNet to provide one frictionless experience for sending and receiving money globally. RippleNet runs on the most advanced blockchain technology. It is scaleable, secure and interoperates with different networks. Customers have optional access to source liquidity using the world’s fastest and most reliable digital asset for payments: XRP. Banks, payment providers and digital asset exchanges process and provide liquidity for payments on RippleNet, creating new, competitive cross-border payments services for their customers.