Ripple (and XRPL) aim to connect banks, payment providers and digital asset exchanges, enabling real-time settlement and lower transaction fees. Since US President Donald Trump’s election victory, transfer values on XRPL have increased notably in US dollar terms.
In 2012, San Francisco based technology company, Ripple, launched its peer-to-peer payment network, XRP Ledger (XRPL) along with the ledger’s native token, XRP.
XRPL’s main function to date has been the facilitation of cross-border payments at a particularly fast pace, handling 15 transactions per second (TPS) and is capable of supporting up to 1500 TPS all while keeping costs low.
