I'm wondering if RippleNet, the global payments network, actually requires the use of XRP, the cryptocurrency native to the
Ripple platform. Is XRP necessary for transactions within RippleNet or can it operate independently?
7
answers
Federico
Mon Apr 28 2025
One of the
CORE components of RippleNet is XRP, Ripple's digital asset.
CharmedWhisper
Mon Apr 28 2025
RippleNet stands as a decentralized financial network tailored for global payments.
CryptoWizardry
Mon Apr 28 2025
This network has been designed with the aim of revolutionizing the way international transactions are conducted.
henry_grayson_lawyer
Mon Apr 28 2025
By leveraging cutting-edge technology, RippleNet is able to significantly reduce the costs associated with such transactions.
Silvia
Mon Apr 28 2025
Furthermore, it enhances the speed of these payments, making it a highly efficient solution for businesses and individuals alike.