Payments
XRP (XRP)
XRPData: Coinbase · updated 9/6/2026, 1:02:40 PM
What XRP does
- Settles transactions on the XRP Ledger in a few seconds
- Can act as a bridge currency between different fiat currencies in cross-border transfers
- Aims to reduce the cost and time of international payments versus traditional rails
- Is used by Ripple in products marketed to banks and payment companies
Risks to know
- Ripple Labs faced a multi-year SEC lawsuit over whether XRP sales constituted unregistered securities offerings, creating regulatory uncertainty
- A large share of total XRP supply was created at launch and is held or was distributed by Ripple, a centralization concern for some observers
- The XRP Ledger's validator set has structural ties to Ripple, unlike fully permissionless networks
- Adoption by banks/payment providers has been slower than early marketing suggested
Where to trade XRP
Top-rated exchanges by CompareCEX Score. Check the exchange's market list for XRP availability before depositing.
Frequently asked questions
What's the difference between XRP and Ripple?
XRP is the cryptocurrency that runs on the XRP Ledger, an open-source blockchain. Ripple Labs is a private company that has built payment products using XRP and the XRP Ledger, but the ledger itself isn't owned by Ripple.
What was the SEC lawsuit against Ripple about?
The U.S. SEC sued Ripple Labs in 2020, alleging that its XRP sales were unregistered securities offerings. The case produced mixed rulings over several years and became a widely watched test case for how U.S. regulators treat crypto tokens.
How fast are XRP Ledger transactions?
The XRP Ledger is designed to confirm transactions in a few seconds, which is one of the main reasons it's marketed for cross-border payment use cases.
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