XRP Ledger (XRPL), an open-source, decentralised technology, was launched in 2021, providing several benefits such as low transaction costs ($0.0002 on average), fast settlement times (3-5 seconds), scalability (1,500 transactions per second), and environmentally friendly characteristics (carbon-neutral and energy-efficient). Additionally, XRPL offers the first decentralised exchange (DEX) and tokenisation functionalities. Since its inception in 2012, XRPL has successfully closed 70 million ledgers.
XRPL has a wide range of payment-related applications and use cases, including micropayments, DeFi, and, soon, NFTs. Developers can use Python, Java, and JavaScript to create apps, manage accounts, and more, as XRPL provides them with strong utility and flexibility.
Developers use the XRP Ledger and its native coin, XRP, to address inefficiencies in remittance and asset tokenisation solutions. XRP Ledger has five main uses: payments, tokenisation, DeFi, CBDCs, and stablecoins.
As of today, XRP is priced at $0.376677 USD, with a 24-hour trading volume of $1,104,733,184 USD. XRP’s price prediction is updated in real-time, and it has experienced a 4.33% drop in the last 24 hours. CoinMarketCap ranks XRP at #6 with a live market cap of $19,192,013,403 USD. XRP has 50,950,912,949 coins in circulation, with a maximum supply of 100,000,000,000 XRP coins.
