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The new Symbol for XRP

XRP is a token used for representing the transfer of value across the Ripple Network. The main purpose of XRP is to be a mediator for other - both cryptocurrencies and fiat - exchanges.

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New XRP logo with the fill saturation spectrum effect

Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native currency called XRP (ripples).

XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds.

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XRP logo

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After the XRP community raised the issue of XRP and Ripple having the same symbol, stating that it caused confusion as to the relationship between the company and the coin, a new XRP logo was suggested.

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Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network.

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Ripple and XRP are often used interchangeably. Technically speaking Ripple is the network and XRP is the coin or token on that network- yet XRP is often referred to as ripple. This is not entirely correct, but in general this does not cause any confusion. Ripple has a steady position in the top five crypto projects with the highest market capitalisation. In that sense, ripple is quite successful!

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Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally

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XRP, unlike other cryptocurrencies, did not have a symbol that represents units of the asset. In order to distinguish XRP and better define it, a symbol was created to use it when writing the amount of XRP. This symbol will also be used to represent the asset in place of Ripple’s trademark, mainly the 3 connecting circles triskelion

XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world.

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