XRP Price in Canada

XRP is a digital asset that is native to the XRP Ledger. It aims to facilitate fast, direct transfers between two parties in any form of currency, such as dollars, yen, euros, or cryptocurrencies like Bitcoin. It is designed to work as a bridge currency in cross-border transactions. It also enables payments to be sent in one currency and received in another. As of 3 April 2024, XRP’s price in CAD is around $0.80.

The XRP Ledger was created in 2012 by Arthur Britto, David Schwartz, and Jed McCaleb, to transfer money more efficiently and cost-effectively. XRP is used within the Ripple network to represent the transfer of value across the network.

The company Ripple, which was founded by some of the creators of the XRP Ledger, utilizes XRP in its payment products for more scalable cross-border payments. Ripple aims to disrupt the global banking industry by making it easier for banks and financial institutions to transfer money around the world using blockchain technology and digital assets like XRP. However, Ripple and XRP are distinct; Ripple is a company providing financial settlement services, whereas XRP is a cryptocurrency that operates on the XRP Ledger.