• XRP Ledger can handle 1,500 TPS with a cost of $0.0002 per transaction.
• Ripple’s On-Demand Liquidity program is live in Brazil, Africa, and Asia.
• Ripple supports ODL customers with a Line of Credit (LOC) program.
The XRP Ledger has been in existence since 2013 and has been able to make tremendous market penetration due to its support from Ripple Labs, despite the ongoing Ripple vs SEC lawsuit. Its core features include the ability to handle 1,500 TPS at a cost of $0.0002 per transaction on average. This throughput is considerably low compared to competing blockchains such as Solana, which can support over 3,500 transactions per second at a similar cost. Nonetheless, the XRP Ledger must be competitively scalable to accommodate the volume of 7.5 billion people across the world.
To add to its impressive capabilities, Ripple’s On-Demand Liquidity (ODL) program is currently live in key markets, including Brazil, Africa, and Asia. ODL is a digital payment program that uses XRP to settle transactions, allowing for more accessibility and affordability for users. Ripple also supports its ODL customers with a Line of Credit (LOC) program to cover their capital needs, extend lines of credit to partners, and offer flexible repayment terms. This has made ODL even more attractive to users as it provides them with an additional financial safety net.
The cryptocurrency market and blockchain technology have recently seen increased interest and support from international banking systems, such as the IMF and the World Bank. This has created more opportunities for XRP, as it is one of the most popular digital assets on the market. With its scalability, fast transaction times, and low transaction fees, the XRP Ledger is well-positioned to become the preferred blockchain for global payments. Furthermore, Ripple’s support for its ODL customers and its LOC program, make it a more attractive option for users. As the world continues to embrace cryptocurrency and blockchain, it is likely that XRP will remain a key player in the industry, providing more efficient and cost-effective payment solutions.