
XRP was created in 2012 by engineers Jed McCalebm, Arthur Britto and David Schwartz, for use on their money transfer network, Ripple. This means that XRP is the native cryptocurrency of the Ripple blockchain.
XRP, which is up in value by more than 20% since the start of 2023, can be used to finance transactions on the Ripple payments system – an alternative to the global SWIFT money-transfer network.