Ѷ־: The Best Digital Asset for 
Global Payments

Ѷ־ offers financial institutions the fastest, most reliable option for sourcing liquidity on demand.

What Is Ѷ־?


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

Ѷ־ can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently.

How Is Ѷ־ Ѷ־ed?


Faster, less costly and more scalable than any other digital asset, Ѷ־ and the Ѷ־ Ledger are used to power innovative technology across the payments space.

Ripple is focused on building technology to help unleash new utility for Ѷ־ and transform global payments. Third parties are also pursuing other Ѷ־-related use cases.

RippleNet

RippleNet customers can use Ѷ־ for sourcing liquidity in cross-border transactions, instead of pre-funding—ensuring instant settlement, lower exchange fees and more efficient use of working capital.

RippleX

RippleX is Ripple’s open developer platform for money. Through RippleX projects, developers leverage Ѷ־ and its underlying technology in use cases from micropayments, to e-commerce to exchanges and peer-to-peer services.

Ѷ־ and the Ѷ־ Ledger are open-source technology that anyone can build on. To get started, learn more at

How Does the Ѷ־ Ledger Work?


The ledger is maintained by independent participants of a global “Ѷ־ Community,” of which Ripple is an active member.

Independent validator nodes come to an agreement on the order and validity of Ѷ־ transactions. This agreement, called consensus, serves as final and irreversible settlement. The ledger reaches consensus on all outstanding transactions every 3-5 seconds, at which point a new ledger is issued. Anyone can be a validator, and active validators on the ledger today include universities, exchanges and financial institutions. There are currently 36 validators, and Ripple runs 6 of them—16%.

Interested in running a validator? Learn how to get started

Benefits of Ѷ־ in Payments


Fast


Payments moving across the Ѷ־ Ledger settle in 4 seconds.

Scalable


Ѷ־ consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa.*

*Source: 65,000+ transactions per second, as of July 15, 2019

Distributed


Run by a decentralized network of 150+ validators globally.

Stable


Ѷ־’s seven-year track record of stable technology and governance makes it ready for institutional and enterprise use.

stable Establishedin 2012Dedicated team of world-class engineersNegligible energy consumptionAll ledgers closedwithout issuesince inception42,304,432

Eco-Friendly


The Ѷ־ Ledger settles Ѷ־ transactions instantly without the energy costs associated with proof of work (or mining).

Ѷ־ Metrics



Settlement Speed (Seconds)

Network Transaction Fee (USD)
1,500

Transactions Per Second