XRP Ledger (XRP)

What is the XRP Ledger?

Here are five key points about XRP and its blockchain:

Purpose-built for payments: XRP was designed for fast, low-cost cross-border transfers.

Consensus protocol: Instead of proof-of-work or proof-of-stake, XRP Ledger uses a unique consensus mechanism to validate transactions quickly without central authority.

Transaction speed: Transfers settle within seconds, making it one of the fastest digital assets.

Low fees: Each transaction costs only fractions of a cent, making it efficient for both micro and large-scale payments.

Institutional adoption: Banks and financial institutions leverage XRP and the XRP Ledger for remittances, liquidity management, and real-time settlement.

Tip: Learn more in our guide: What is the XRP Ledger?

XRP on Wraith Wallet

Wraith Wallet fully supports XRP, letting you:

Buy XRP with debit/credit cards.

Store XRP securely (after activation with the Reserve Fee).

Send and receive XRP instantly.

Manage XRP-based assets (tokens issued on the ledger).

⚠️ Important: The XRP Ledger requires a Reserve Fee of 1 XRP to activate any wallet. This amount is locked on-chain and cannot be spent.

Getting XRP

You can acquire XRP in Wraith Wallet by:

Buying directly in-app.

Receiving XRP at your unique wallet address.

Note: Destination Tags are not required when receiving XRP in Wraith Wallet.

Transaction fees on XRP

Fees are extremely low, usually fractions of a cent.

They act as an anti-spam measure to keep the network efficient.

Fees may adjust slightly during high demand to maintain performance.

You can modify fees in Wraith Wallet by tapping Network Fee.

Checking your XRP balance

Wraith Wallet shows your XRP balance in real time.

To verify, tap the three dots and select View address on XRPSCAN.

XRPSCAN is the default block explorer for XRP in Wraith Wallet.

Why use Wraith Wallet for XRP?

Fast setup: Activate and start using your XRP address within seconds.

Secure and non-custodial: Your keys are encrypted locally; Wraith Wallet never holds your funds.

Support for assets: Beyond XRP itself, you can add and manage issued tokens like RLUSD or SOLO.

Conclusion XRP Ledger is one of the fastest and most cost-effective blockchain payment networks. With Wraith Wallet, you can buy, store, send, and receive XRP confidently, while also managing assets built on the ledger.

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