For Customers Log in
Contact Us

XRP Meaning

XRP is a digital asset native to the XRP Ledger (XRPL), an open-source, decentralised blockchain designed for fast and inexpensive cross-border payments. Founded by Ripple Labs, XRPL uses a unique consensus algorithm called the Ripple Protocol Consensus Algorithm (RPCA), which allows transactions to be settled in 3-5 seconds with low transaction fees.

XRP acts as a bridge currency for exchanging value between different fiat currencies or other digital assets. Ripple uses XRP to facilitate global remittances, though it has faced regulatory scrutiny over whether XRP constitutes a security.

Despite ongoing legal challenges, XRP remains one of the largest cryptocurrencies by market capitalisation and continues to be used in remittance and liquidity solutions.

← Back to Glossary

Explore our services
Providing liquidity in the cryptocurrency market?
Authorize on our platform and do it smarter with FM Pulse.
pic

FM Marketplace

A reliable and high-performance crypto liquidity marketplace for institutions and businesses.

Learn more
pic

FM White Label

Launch your fully branded B2B crypto trading platform in under one week.

Learn more
pic

FM Liquidity Match

Crypto OTC-as-a-Service infrastructure for enhanced monetization and trade control.

Learn more

Scale your business, leave the hard work of your trading needs to us

Reduce your integration costs and operational risk across multiple access points with our platform

Get started