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xrp
XRP is a cryptocurrency designed to streamline payment transactions, offering both speed and security. Unlike many other cryptocurrencies, the XRP ledger processes transactions in just 3-5 seconds.
This coin is available on Newton.
Created in 2011 by David Schwartz, Jed McCaleb, and Arthur Britto, XRP was aimed at solving the issues associated with cross-border payments. Chris Larsen joined the project in 2012 to help launch Ripple Labs, the company behind XRP.
Unlike Bitcoin and Ethereum, XRP doesn’t rely on mining to validate transactions. Instead, it uses a unique consensus mechanism that is faster and more energy-efficient than traditional mining.
The XRP token was pre-mined and distributed through various channels to promote adoption by businesses and financial institutions. The goal was to make international payments quicker and more cost-effective for companies.
Today, XRP is used for international money transfers and traded on numerous cryptocurrency exchanges, enabling seamless cross-border transactions.
XRP uses the XRP Ledger, a system that processes transactions quickly and securely. Unlike traditional mining methods, it relies on a network of trusted nodes to verify and approve transactions.
This allows XRP to settle payments in just a few seconds, making it faster and more efficient than conventional payment systems.
In contrast to other digital currencies, XRP doesn’t reward miners for validating transactions. This makes it a more energy-efficient solution compared to cryptocurrencies like Bitcoin or Ethereum.
Transactions on the XRP Ledger are completed quickly, with minimal transaction fees. The system’s speed and low costs make it an attractive option for businesses and financial institutions looking to streamline payments.
The consensus protocol behind XRP ensures it can handle high transaction volumes while maintaining security and efficiency. This scalability is one of the key factors that set XRP apart from other digital currencies.
No, the XRP Ledger (XRPL) isn’t owned by Ripple or any single entity. It’s a decentralized, public blockchain created in 2012 to support secure and efficient transactions.
XRP is unique compared to Bitcoin or Ethereum, offering faster, more energy-efficient transactions tailored for global payments.
XRP Ripple price in the crypto market is influenced by several factors, including utility, demand, and overall market sentiment.
The XRP Ledger is XRP’s native platform, known for its speed and efficiency.
XRP enables fast, low-cost payments, allowing you to send money to anyone, anywhere, with ease and efficiency. It cuts down on transaction times compared to traditional banking methods, making it ideal for international money transfers.
For financial institutions, XRP offers liquidity solutions at a much lower cost than conventional banking systems. This reduction in operational costs is one of the reasons more businesses are adopting XRP for cross-border transactions.
As the native asset of the XRP Ledger, XRP is also used for micropayments and real-time settlements. This feature makes it possible to handle smaller transactions quickly and affordably.
XRP has also become a key player in the decentralized finance (DeFi) space. Its ability to lower transaction fees makes it a valuable asset for platforms focused on reducing costs for users.
Businesses and financial institutions use XRP to improve liquidity and streamline interbank payments. This enhances transaction speed and boosts overall financial efficiency, particularly for global operations.
Ripple Labs, founded in 2012 by four entrepreneurs, aimed to revolutionize cross-border payments through blockchain technology. The company released the Ripple protocol in 2013, which later evolved into the XRP Ledger.
In 2014, XRP was introduced as a digital asset to facilitate international payments. The following year, Ripple unveiled the Interledger Protocol, which allowed different payment networks to communicate with each other.
XRP reached a major milestone in early 2018 when its price surged to a high of CAD 4.8184, drawing significant attention to the cryptocurrency. This price spike marked a pivotal moment in XRP's development and adoption.
As Ripple’s network grew, so did its adoption by major financial institutions, who began using XRP to streamline cross-border payments. By 2020, Ripple had solidified its position as a leading player in the digital payments and blockchain sectors.
Today, Ripple’s technology continues to be used by global financial institutions, positioning XRP as a major force in transforming international payment systems and liquidity management.
XRP is the native token of the XRP Ledger, created in 2012 to improve the efficiency of cross-border payments.
XRP is designed to solve the challenges of traditional cross-border payments, offering several key benefits:
XRP’s value lies in its efficiency and ability to solve real-world problems in the financial industry.
XRP can be securely stored either on platforms like Newton or in a personal wallet. Keeping track of XRP's circulating supply and monitoring the latest market data will help you stay informed about the asset’s market position and its role in the cryptocurrency space.
XRP is not designed to be staked. Unlike proof-of-stake blockchains, XRP operates on a consensus protocol, which means holders cannot earn rewards through staking.
XRP is also usable for purchases with merchants that accept cryptocurrency. As the native token of the XRP Ledger, it facilitates quick digital payments. You can even check the live price of XRP before making a transaction to ensure the value aligns with your expectations.
The XRP Ledger’s open-source system enables quick and cost-effective transactions. You can easily send XRP by entering the recipient’s wallet address, benefiting from minimal fees and fast processing thanks to its global network of servers.
Many charitable organizations now accept XRP donations. Simply send XRP to the recipient's wallet address, offering a fast and direct way to contribute to causes you care about.
On Canadian exchanges, swapping XRP for other cryptocurrencies, like Bitcoin or Ethereum, is straightforward. These platforms allow for easy diversification, letting users trade XRP alongside other popular cryptocurrencies on the XRP Ledger.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
Buying XRP directly from individuals or unregulated sources carries a significant amount of risk. Without the security provided by a regulated platform, there is no guarantee of who you are buying from, which could expose you to potential fraud. Direct purchases can often be dangerous due to the lack of oversight, and users should proceed with caution when considering this method.
For the safest and easiest way to purchase XRP in Canada, consider using a regulated platform like Newton. By funding your account through an e-Transfer or wire transfer, you can buy XRP in just minutes. Regulated platforms ensure your XRP remains secure, and they provide easy access to real-time price charts and market updates to help you make informed trading decisions.
Newton offers some of the most competitive XRP prices in Canada. This means you’ll get excellent value when purchasing or trading, helping you maximize your investment and make the most of your XRP trades.
Newton offers strong security features to protect your assets. Users can manage devices, monitor login history, and set up anti-phishing codes. With multi-factor authentication, a security checklist, and the ability to add trusted contacts, Newton takes multiple steps to ensure your XRP and personal data are secure.
Newton makes it affordable to buy and sell XRP, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
You can access Newton’s platform from any device—whether desktop or mobile—making it easy to manage your XRP trading and portfolio no matter where you are. Stay in control of your activity from the comfort of your home or on the go.
Newton’s platform is designed with ease of use in mind. The app’s clean interface makes it simple for both newcomers and experienced traders to navigate, whether you're checking the price of XRP or managing your crypto portfolio.
Newton is a Canadian platform, created specifically for Canadian users. It offers a safe and easy way to buy and sell XRP and other digital assets, ensuring that users have a trusted, locally tailored platform for cryptocurrency trading.
Getting started with XRP begins by creating an account on Newton, a reliable Canadian cryptocurrency platform. After entering your details and completing the verification process, you will gain access to the platform, allowing you to purchase XRP and other digital assets easily.
Next, you will need to fund your account using payment methods such as Interac e-Transfer or wire transfer. Newton makes it simple for Canadians to deposit funds in CAD, ensuring a smooth experience for managing your investments and buying XRP.
Once your account is funded, you can begin purchasing XRP. Newton provides a seamless process for acquiring XRP alongside other popular cryptocurrencies. Stay updated with the live XRP price chart and make your purchase based on the current market trends.
On the platform, select XRP from the list of available cryptocurrencies. XRP is the digital asset created by the company now known as Ripple and can be purchased alongside other major cryptocurrencies like Bitcoin and Ethereum.
Specify the amount of XRP you wish to buy, either in XRP or CAD value. Whether you’re starting small to learn the ropes or buying a larger amount based on your strategy, the choice is yours.
Once you review and confirm your purchase, your XRP will be credited to your account. You can then store it or transfer it as you explore its use and trading options.
With a personal wallet, you have complete control over your XRP, but this also comes with the responsibility of managing your private keys. If not securely stored, you risk losing access to your assets. While a personal wallet offers privacy, it’s crucial to maintain rigorous security practices to protect your funds.
You can hold your XRP directly in your Newton account. Newton’s built-in security features make it a secure platform for managing your XRP. The platform provides multi-factor authentication, login history monitoring, and an anti-phishing code to safeguard your assets. You can also manage trusted devices and add contacts for an additional layer of security, making Newton a safe and reliable choice for holding and managing your XRP.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with XRP, please see our Asset Statement.
