Fast, easy, and inexpensive
XRP is a digital asset native to the XRP Ledger, an open-source and decentralized blockchain designed for fast, low-cost transactions. Created in 2012 with a focus on improving global payments, XRP can settle transactions in just 3-5 seconds, making it significantly faster than Bitcoin. Its low transaction fees and scalability (up to 1,500 transactions per second) make it an ideal choice for cross-border payments and microtransactions. XRP is also environmentally sustainable, consuming minimal energy compared to other cryptocurrencies. It is widely used by financial institutions as a bridge currency and by individuals for transferring value across borders.
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The XRP Ledger (XRPL) is a decentralized blockchain created by Ripple Labs that enables efficient, secure, and scalable transactions. It uses a unique consensus algorithm where network validators reach agreement on transaction order without mining, enabling fast transaction processing with low fees.
The XRP token is used primarily to facilitate quick, low-cost currency transfers across the XRP Ledger, while also serving as an intermediary asset for cross-border transactions and a bridge currency between different fiat currencies.
With Kado, you can automatically connect your MetaMask or Edge wallet to on-ramp XRP. You can also manually enter the address of any XRPL-supported wallet.
Currently, you can buy XRP through Kado to your self-custody wallet.
Ripple is the technology company behind the development of the XRP Ledger and the promotion of XRP as a payment solution. While XRP is independent and decentralized, Ripple plays a significant role in providing solutions that facilitate the use of XRP in financial markets and cross-border payments.
XRP is considered more sustainable because it has minimal energy consumption. Unlike Bitcoin, which relies on proof-of-work (a high-energy-consuming process), XRP uses a consensus algorithm that requires far less energy to process transactions.
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