Ripple protocol
Overview
Ripple is a real-time gross settlement system, currency exchange, and remittance network. It uses a distributed consensus ledger and the native cryptocurrency XRP to facilitate fast and low-cost international payments. Ripple is primarily used by financial institutions for cross-border transactions.
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Frequently asked questions
What is Ripple?
Ripple is a real-time gross settlement system, currency exchange, and remittance network that uses a distributed consensus ledger and the native cryptocurrency XRP to facilitate fast and low-cost international payments.
Who uses Ripple?
Ripple is primarily used by financial institutions for cross-border transactions.
What is the native cryptocurrency of Ripple?
The native cryptocurrency of Ripple is XRP.