XRP token logo

Investment and technology themes

VCID: 4438016
    Also known as
    XRP
    Affiliations
    Digital asset type
    Cryptocurrency that was created by the company Ripple Labs.
    Overview

    XRP is a cryptocurrency that was created by the company Ripple Labs in 2012. It is an open-source, decentralized digital currency that uses a proof-of-work (PoW) consensus algorithm to secure its blockchain. XRP is designed to be fast, secure, and efficient, and it is used by many businesses and financial institutions as a means of payment and settlement. One of the key features of XRP is its high transaction speed, which allows users to send and receive payments quickly and securely. The XRP network is designed to be scalable, and it can handle a large number of transactions per second. In addition, XRP uses advanced cryptography to secure its network and protect user privacy. XRP can be bought and sold on a number of cryptocurrency exchanges, and it can also be stored in a wallet on a personal computer or mobile device. The value of XRP, like other cryptocurrencies, is determined by supply and demand on the open market. Overall, XRP is a leading cryptocurrency that is used by many businesses and financial institutions as a means of payment and settlement. It is fast, secure, and efficient, and it offers users a high level of privacy and security.

    Funding rounds


    Profile Country Notes
    a16zcrypto The blockchain-focused investment arm of Andreessen Horowitz. United States Initial investment. Round participant.