XRP company info

What does XRP do?
Ripple (CRYPTO:XRP) stands as a decentralized payment network designed to supplant SWIFT, the traditional money transfer system. It employs a unique consensus model where all system-accessible nodes validate transactions, ensuring robust security without sacrificing efficiency. Ripple boasts transaction times as swift as four to five seconds, outpacing many rival blockchain networks. The network operates on its native cryptocurrency, XRP, charging a fractional .00001 XRP for each transaction on the XRP Ledger. Miners earn validation fees from this charge, as all XRP coins were issued upon the network's inception, setting Ripple apart in the crypto landscape. XRP also acts as an intermediary on the XRPL network, facilitating swaps between digital and fiat currencies via its DeFi protocol. Originally envisioned as a global payment network to improve upon traditional banking systems, Ripple Labs focused on enhancing global payment capabilities rather than replacing the old guard. In February 2023, XRPL developers proposed a cross-chain bridge to expand its functionality.
XRP company media
Company Snapshot

How many people does XRP employ?

people
Employees
1120

What is the market cap for XRP?

bag
Market Cap
$26.87B

Where is the head office for XRP?

location pin
Head Office
San Francisco, California, US

What year was XRP founded?

founded flag
Year Founded
2012
What does XRP specialise in?
/a16z Portfolio /Arrington XRP Capital Portfolio /Enterprise Solutions /Galaxy Digital Portfolio /Medium of Exchange /Pantera Capital Portfolio

What are the products and/or services of XRP?

Overview of XRP offerings
Cross-border payments: Ripple makes it easy and affordable to send money across borders.
Currency exchange: Ripple can be used to exchange currencies quickly and cheaply, without the need for a third party.
Global payments: Ripple can be used to send and receive money anywhere in the world quickly, cheaply, and securely.
On-demand liquidity: Ripple provides on-demand liquidity to banks and other financial institutions, allowing them to settle payments quickly and efficiently.
Programmable payments: Ripple allows users to program payments, such as recurring payments or payments that are triggered by certain events.