XRP to JPY Live Price Converter

Ripple is an open-source platform used to create applications for international money transfers and other payment services. Ripple (XRP) is the network’s native asset, while the XRP Ledger is the underlying blockchain technology that powers it.

Initially conceived as a replacement for SWIFT, or the settling layer between large financial institutions, Ripple has since developed into much more. RippleNet, along with its On Demand Liquidity (ODL) service, allows traditional banks to access blockchain technology, set up, and run efficient payment networks. The XRP Ledger’s open-source and permissionless architecture can process XRP transactions within three to five seconds.

Ripple’s innovative technology also facilitates cross-border transactions that involve exchanging one fiat currency for another. In short, the XRPL makes it easier and cheaper for people all over the world to send and receive money.

XRP is one of the ten largest digital currencies in the world by market cap. As one of the top ten, Ripple is a hot commodity among cryptocurrency investors.

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