Cryptocurrency Q&A
Does the XRP Ledger need XRP?
Does the XRP Ledger need XRP?
JessicaMiller
Fri Apr 25 2025
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6
answers
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I am wondering if the XRP Ledger, which is a distributed ledger technology, actually requires the use of XRP, the native currency of the ledger. I want to understand if XRP is necessary for the functioning of the XRP Ledger.
6 answers
SilenceStorm
Sun Apr 27 2025
The platform leverages Ripple's advanced technology for facilitating swift payment settlements.
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Michele
Sun Apr 27 2025
This feature broadens the appeal of the platform, catering to a wider audience that may have reservations about incorporating additional cryptocurrencies into their financial workflows.
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SakuraSmile
Sun Apr 27 2025
This innovative approach ensures that transactions are processed efficiently, reducing the time typically associated with traditional banking systems.
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KpopHarmony
Sun Apr 27 2025
Notably, the system does not mandate the utilization of XRP, Ripple's native cryptocurrency, as an intermediary or bridge currency.
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Valentina
Sun Apr 27 2025
Instead, it offers flexibility by allowing users to conduct transactions in their preferred currencies without the need for conversion to XRP.
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