The XRP Ledger (XRPL), a decentralised, open-source technology, was introduced in 2021. The XRP Ledger offers advantages such as low transaction costs ($0.0002 on average), quick settlement times (3-5 seconds), scalability (1,500 transactions per second), and intrinsically green characteristics (carbon-neutral and energy-efficient). The first decentralised exchange (DEX) and unique tokenization functionalities are also included in the XRP Ledger technology. The XRP Ledger has successfully closed 70 million ledgers since its launch in 2012.

The XRP Ledger offers a wide range of payment-related applications and use cases, including as micropayments, DeFi, and, soon, NFTs. The XRPL was released in 2012, and it provides Python, Java, and JavaScript developers with strong utility and flexibility. Developers may access a variety of tutorials on the XRP website to get started with various coding languages, creating apps, managing accounts, and more.

Developers use the XRP Ledger along with its native coin, XRP, to build remittance and asset tokenization solutions that address inefficiencies. The XRP Ledger now has five main uses: payments, tokenization, DeFi, CBDCs, and stablecoins.

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