Ripple Labs and its XRP Ledger (XRPL) are making waves in the cryptocurrency and Decentralized Finance (DeFi) industry, pushing forward with strategic expansions and innovative projects.
What is the XRP Ledger (XRPL)?
The XRP Ledger, launched in 2012 by Ripple Labs, is an open-source, decentralized Layer 1 blockchain designed for speed and efficiency. Unlike Bitcoin’s energy-heavy Proof of Work system, the XRPL uses a unique consensus protocol, enabling transactions to settle in 3-5 seconds with costs as low as a fraction of a penny.
How XRP Ledger Powers Ripple’s Solutions
Ripple’s product suite heavily relies on the XRPL and XRP to serve banks, payment providers, and crypto businesses. Its flagship offering, Ripple Payments, uses XRP for real-time cross-border settlements, bypassing traditional correspondent banking systems.
Key Updates from Ripple
Ripple has made significant moves with updates in early April 2025. On April 8, Ripple announced its acquisition of Hidden Road for $1.25 billion, positioning Ripple as the first crypto company with a multi-asset prime broker. Additionally, Ripple partnered with Mercy Corps Ventures for utilizing RLUSD for drought insurance in Kenya.
Ripple's updates highlight the versatility and real-world impact of the XRPL. The acquisition of Hidden Road and the launch of RLUSD signal the company's intent to bridge crypto and traditional finance, solidifying its role in the global economy.
