XRP coin is part of XRP Ledger which acts as a digital coin, created by Ripple Labs. It was built for the sole purpose of removing the traditional money transfer process with a high fee charge. XRP transfers money quickly, and easily, and takes 3-5 seconds to process transactions for cross-border payment. Additionally, it helps banks and businesses to transfer funds worldwide removing any middlemen and lengthy steps to processing.

How does the XRP Ledger differ from Bitcoin or Ethereum?

The XRP Ledger operates differently from Bitcoin and Ethereum. It employs a system where trusted computers verify transactions every 3–5 seconds. Unlike Bitcoin’s energy-intensive mining or Ethereum’s staking, it conserves power, processes 1,500 transactions per second, and focuses on payments rather than savings or apps.

Does any entity control XRP?

No entity controls XRP. It functions on the XRP Ledger, managed by over 150 independent computers globally. Changes require 80% agreement among them, preventing any single party, including Ripple Labs, from dominating. Ripple Labs operates one computer but lacks overall authority.

How does XRP come into existence, and can users mine it?

XRP does not involve mining. In 2012, creators generated 100 billion XRP tokens at once. Ripple Labs received 80 billion, with 55 billion held in reserve for gradual release. In XRP, every transaction is verified by computers ensuring XRP is fast and environmentally friendly without mining.

What relationship exists between XRP and Ripple Labs?

Ripple Labs is the creator of XRP. The primary purpose of which was to send money cross-borders at low fees, quickly and easily. XRP acts as the digital coin for the XRP ledger, and Ripple has no control over it. However, Ripple labs have the huge ownership of XRP coin, but they run on many independent computers.

How secure does the XRP Ledger remain?

The XRP Ledger maintains high security. Over 150 computers agree on each transaction to prevent fraud. Its open code allows the public to review and update, and a 10 XRP fee discourages fake accounts. Users must safeguard their secret codes to protect their funds.

Where can users purchase and store XRP?

Users or investors can buy XRP from platforms like Coinbase, Kraken, Binance, etc. The bought coins can be stored in the safe storing devices such as ledger or in wallets. What is important - to safeguard is the secret key or code to protect the coin.

Why does XRP excel for money transfers?

XRP completes transfers in 3–5 seconds with fees as low as $0.0002, outperforming banks and most digital currencies. It processes 1,500 transactions per second, easily converts between currencies, and minimizes environmental impact, making it ideal for global payments.

How has the SEC lawsuit impacted XRP?

In 2020, the SEC claimed Ripple Labs violated rules by selling XRP. A 2023 court ruled that XRP does not qualify as a special investment for public sales, boosting its price and prompting listings. Although the case may continue, XRP’s global use persists.

What potential does XRP hold for the future?

XRP holds potential for growth if banks adopt it for transfers, with Ripple’s payment tool active in 40 countries. New features like smart deals and digital collectibles could expand its role in online finance. Clear regulations and market shifts may help, but price swings pose risks.

Ripple (XRP) News: Latest Updates, Headlines & Analysis

Read all the latest crypto news curated from the best local news sources globally. We provide up-to-date crypto news items so you can make the best investment choices.

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SIM Mining Introduces Accessible XRP Cloud Mining for Broader User Base

SIM Mining, a growing player in the cloud mining sector, has introduced a new offering focused on XRP-based cloud mining. This initiative is designed to make crypto mining more accessible to a broader audience, particularly those who may lack the technical know-how or resources to invest in traditional mining hardware. Through its cloud-based model, SIM … Read more

August 01, 2025 5:36 AM GMT+02 mins read

Coinfomania News Room

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Ripple (XRP) News: Latest Updates, Headlines & Analysis

SIM Mining Introduces Accessible XRP Cloud Mining for Broader User Base

Ripple CTO Explains Low XRP Ledger Despite 300+ Bank Partners

Rumors Say SEC May Drop Ripple & Coinbase Lawsuits

Prime Brokers Bring TradFi Into Crypto, Says Ripple CEO

XRP Bridge Currency: A New Era in Global Payments

Larsen Moves $140M XRP: Institutional Demand, Not a Dump

Ripple CEO Warns Against Fake XRP Giveaways on YouTube

XRP Price Prediction: Surge 1300% as XRPL Hits Record Highs

Ripple’s XRP Gains Institutional Support and $10 Trillion Prediction

EasyA Co-Founder Expresses Sympathy for Missed XRP

Ripple Partners with Ctrl Alt to Boost Real Estate Tokenization in Dubai

XRP ETF Outperformance Predicted by Canary Capital CEO

Japan’s SBI Executive Declares XRP Key to Generational Wealth Transfer

XRP Surges Ahead BTC, ETH as SEC Appeal Withdrawal Looms

XRP Whale Wallets Hit Record High as Price Jumps 26% in One Week

XRP Beats Direct Currency Connections, Understand Why

Will BlackRock File XRP ETF Amid Growing Institutional Interest?

Ripple CEO Predicts Stablecoin Market Could Hit $2 Trillion Soon

Ripple Valuates at $11.3B Ahead of 2026 IPO

Legal Expert Disputes Claims About Ripple vs SEC Lawsuit

XRP Open Interest Surges as ProShares ETF Approval Nears

DeepSeek AI Predicts XRP Price Amid Speculation on Shiba Inu

Amex Payment Delays Prompt Rumors of Renewed Ripple Partnership

Ripple-Backed XRP Ledger Launches EVM-Compatible Sidechain to Unlock Cross-Chain DeFi

XRPL Expands Appeal with EVM Compatibility and Cross-Chain Interoperability

XRP Price Analysis and Ripple Daily Updates

Ripple Settlement Nears Final SEC Announcement as XRP Regulation Timeline Sharpens

Ripple CEO Announces End of Legal Battles with SEC: A New Era for XRP

Crypto Lawyers Sound Alarm Over Misunderstood XRP Settlement

Ripple and Brazil’s Central Bank Hold Closed Meeting to Discuss ‘Institutional Matters’

SWIFT and Ripple Explore Integration of XRP for Global Payments; Billions in XRP Secured for Liquidity