What Is Ripple (XRP)?
Ripple is a real-time gross payment (RTGS) system enabling instant global currency transactions. While XRP serves as the native token of the Ripple Ledger, the platform supports trading in any currency.
Launched in 2012 by Chris Larsen and Jed McCaleb, Ripple functions as both a cryptocurrency and a digital payment network. It streamlines international money transfers for banks and financial institutions.
Key Features:
- XRP: Acts as a bridge currency for fast, low-cost conversions between networks.
- Founders: Larsen (serial entrepreneur) and McCaleb (early Bitcoin contributor) aimed to simplify cross-border transactions.
- Use Case: Ideal for liquidity provision in emerging markets.
How Does Ripple (XRP) Work?
Ripple operates as a decentralized financial platform leveraging blockchain technology to accelerate international payments. Its products include:
- xCurrent: Enables real-time bank payments globally.
- xRapid: Reduces liquidity costs using XRP.
- xVia: Facilitates transparent global payments with invoicing.
Use Cases:
- Cross-border invoices and supply chain settlements.
- P2P payments and cash pooling for liquidity.
Notable Partners:
- Santander (USA)
- SBI Remit (Japan)
- TransferGo (UK)
XRP Supply and Allocation
- Total Supply: 100 billion XRP.
- Circulating Supply: 99.99 billion (as of 2025).
Distribution:
- 20% to founders (Larsen, McCaleb, Britto).
- 77.8% held by Ripple.
- 0.2% airdropped during launch.
XRP’s value derives from its adoption by institutions and efficiency in currency exchanges.
How to Buy XRP in Puerto Rico
Step-by-Step Guide:
- Choose a Platform: Select a crypto exchange supporting credit card purchases.
- Create an Account: Complete KYC verification.
- Buy XRP: Use your credit card for instant transactions.
- Secure Storage: Transfer XRP to a non-custodial wallet.
Trading Pairs:
- Futures: XRP/USDT
- Spot: XRP/USDT, XRP/USDC
FAQ
1. Is XRP a good investment?
XRP suits those interested in cross-border payment solutions. Research market trends and regulatory updates before investing.
2. How fast are XRP transactions?
Transactions settle in 3–5 seconds, outperforming many blockchains.
3. Can I buy XRP with a credit card in Puerto Rico?
Yes, major exchanges like Bitget and OKX support credit card purchases.
Additional Resources
Note: Always prioritize security by using reputable platforms and enabling two-factor authentication.
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