Next up on Luno: XRP

Team Luno
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2 minute read

Let the good times roll! We’re adding another new coin to our platform soon. This time it’s XRP.

 

 

XRP is the digital asset native to the XRP Ledger. XRP was created in 2012 and was built specifically to solve problems with payments – It is fast, stable and scalable. XRP is best known for being the cryptocurrency used in Ripple’s On-Demand Liquidity (ODL) payment service. 

 

A key feature of XRP is that the tokens are not mined. XRP has a finite 100 billion coin supply––a significant difference when compared with Bitcoin’s 21 million coin limit.

 

The XRP Ledger works through a unique consensus algorithm which uses a network of validating servers, rather than "proof of work" or "proof of stake". The transaction speeds are faster. An XRP transaction confirmation takes an average of 3 - 5 seconds to complete – significantly faster than other cryptocurrencies or today’s traditional financial networks, which can take days.

 

XRP is also used by banks and payments companies to facilitate faster and more efficient cross-border payments.

 

We’ll be bringing you more information on XRP very soon, so keep your eyes peeled. In the meantime, you can find out more about XRP on xrpl.org.

 

We are continually assessing new coins and adding trading pairs to the Exchange. It’s been an exciting time bringing BTC, ETH, BCH, and now XRP to the Lunoverse, but we won’t stop there.

 

Let us know which new coins you would like to see added to our Exchange, and don’t forget to follow us on Twitter to be the first to know what’s next.

 

Keep reading...

 

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Team Luno

On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @lunomoney.

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