Ripple Labs and its flagship project, XRP Ledger, continue to impact the cryptocurrency and decentralized finance industry. The company is actively advancing strategic directions using XRPL and its cryptocurrency $XRP.
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. $XRP, the blockchain’s native cryptocurrency, plays a dual role. Since its inception, the XRPL has processed over 2.8 billion transactions, moving more than $ 1 trillion in value.
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. Additionally, Ripple provides digital asset custody services and recently launched the Ripple USD (RLUSD) stablecoin to enhance enterprise payments and DeFi applications.
Key Updates from Ripple
In early April 2025, Ripple announced several significant updates. Specifically, the company acquired Hidden Road for $1.25 billion, marking one of the largest deals in crypto history. Ripple is also partnering with Mercy Corps Ventures and DIVA Donate to use RLUSD for automated aid distribution in Kenya, leveraging satellite data and smart contracts.
Ripple’s updates underscore the XRP Ledger’s versatility and real-world impact. The acquisition of Hidden Road and the launch of RLUSD signal the company’s intent to bridge crypto and traditional finance. The XRPL continues to offer a reliable platform for businesses and demonstrates its potential in addressing global challenges.
