XRP price

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About XRP

XRP is the native cryptocurrency of the XRP Ledger. XRP is a digital asset built for global payments. It facilitates cross-border payments by acting as a bridge between different currencies. It is best known for its use transferring assets on the Ripple network.

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.

Frequently asked questions

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How is the price of XRP calculated?

The price of XRP and other cryptocurrencies are determined by supply and demand: the buyers who want a certain currency and the sellers who have that currency. Luno does not set the price of Bitcoin or any cryptocurrency.

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Why is the XRP price different on Google?

There is no global XRP price, it isn’t pegged to any currency, country or Bitcoin platform. When you see the price on Google, it is simply showing an estimated, international price.

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Do I need to buy a whole XRP?

No. XRP and most other cryptocurrencies are divisible. You can spend a small amount of money and buy or sell very small amounts over time.

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How do I actually buy XRP?

You can buy XRP through our app as well as our Exchange. After you’ve signed up with Luno, you can deposit money to your account.

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