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CTO, Ripple

David Schwartz

David Schwartz is the Chief Technology Officer at Ripple and is one of the original architects of the XRP Ledger.

Cryptopedia - David Schwartz - CTO, Ripple

Gemini-Cryptocurrencies XRP XRP-the fast and efficient fiat bridge

Ripple and its currency, XRP, facilitate transfer of funds between cross-border parties via lower-cost, enhanced security protocols. Learn how they do it. 

What is XRP Crypto? Ripple’s Efficient Fiat Bridge

XRP enables a system that can outperform many established cryptocurrencies and legacy money transmission technologies. This has led to a world class payments system that minimizes intermediary processes and enhances the overall benefits to its users. 

XRP: Ripple’s Fast and Efficient Fiat Bridge

XRP (XRP)

Explore our collection of Cryptopedia articles related to XRP (XRP). Discover new topics and the latest insights.

XRP (XRP) Articles - Cryptopedia

Gemini-Cryptocurrencies XRP XRP- The Settlement Finality Token (1)

We examine XRP’s ledger (XRPL) and how it facilitates cross-border payments using XRP and its consensus mechanism.

XRP: Cross-Border Payments Using XRPL

We examine XRP’s Ledger (XRPL) and how it facilitates cross-border payments using XRP and its consensus mechanism.

XRPL: Validating Cross-Border Transaction Settlement

Today, we are excited to announce the listing of the XRP/GUSD perpetual contract on Gemini Foundation. Eligible users can now trade the XRP perpetual contract denominated in [Gemini Dollars (GUSD)](https://www.gemini.com/dollar) with up to __100x leverage__.

Gemini Foundation is a non-US derivatives platform that now hosts multiple crypto perpetual contracts for trading, including the BTC/GUSD, ETH/GUSD, and PEPE/GUSD perpetual contracts.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. The full list of available countries can be found [here](https://www.gemini.com/derivatives). It is not available to customers in the United States of America, United Kingdom, or the European Union.

### Opening a Derivatives Account

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD to your derivatives account

Stay tuned as we introduce additional perpetual contracts, dated futures, and options trading.

For additional details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward,

The Gemini Foundation Team

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Introducing the XRP/GUSD Perpetual Contract on Gemini’s Non-US Crypto Derivatives Platform

We are delighted to announce support for the __[XRP Ledger and XRP](https://www.gemini.com/prices/xrp)__, adding a new blockchain to Gemini’s growing list of supported networks!

[__XRP is now available for trading__](https://www.gemini.com/prices/xrp) on our API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini Mobile App and website for USD, GBP, EUR, CAD, SGD, HKD, and AUD pairs!*

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Adding XRP Ledger to our list of supported crypto networks is an important step on our mission to unlock the next era of financial, creative, and personal freedom. 

### Exploring the XRP Ledger and XRP

The XRP Ledger (XRPL) is an open-source and decentralized blockchain powered by a global developer community including key contributors Ripple, the XRPL Commons, the XRPL Foundation, and XRPL Labs. XRP is XRPL’s native token, and is used for payments on the network.

The XRP Ledger was designed to be fundamentally different from [Proof-of-Work (PoW)-based blockchains](https://www.gemini.com/cryptopedia/blockchain-types-pow-pos-private#section-proof-of-work-blockchains), like [Bitcoin](https://www.gemini.com/prices/bitcoin). Instead, it uses a unique consensus protocol known as Proof-of-Association (PoA), which requires nodes to create their own lists of trusted nodes, on which they rely for achieving blockchain consensus. These lists of trusted validators are known as Unique Node Lists (UNLs). Nodes can also use default UNLs recommended as trustworthy by the XRPL Foundation, Ripple, and Coil.

Ripple, which uses XRP to power its crypto solutions business, has the stated aim of increasing the speed and reducing the cost of cross-border transactions and remittances, with XRP serving as a bridge currency for financial institutions exchanging value between multiple fiat currencies. 

With the addition of XRP Ledger, Gemini is now compatible with 13 blockchain networks, including: [Bitcoin (BTC)](https://www.gemini.com/prices/bitcoin), [Ethereum (ETH)](https://www.gemini.com/prices/ether), [Solana (SOL)](https://www.gemini.com/prices/solana), [Litecoin (LTC)](https://www.gemini.com/prices/litecoin), [Bitcoin Cash (BCH)](https://www.gemini.com/prices/bitcoin-cash), [Polkadot (DOT)](https://www.gemini.com/prices/polkadot), [Avalanche (AVAX)](https://www.gemini.com/prices/avalanche), [Cosmos (ATOM)](https://www.gemini.com/prices/cosmos), [Zcash (ZEC)](https://www.gemini.com/prices/zcash), [Filecoin (FIL)](https://www.gemini.com/prices/filecoin), [Dogecoin (DOGE)](https://www.gemini.com/prices/dogecoin), and [Tezos (XTZ)](https://www.gemini.com/prices/tezos).

Learn more about [all the tokens we support for trading and/or custody here](https://www.gemini.com/prices).

Onward and Upward!

Team Gemini

*XRP can be stored in Gemini’s exchange wallet but is not yet available in Gemini Custody.

*Updated: August 16, 2023*

We are delighted to announce support for XRP Ledger (XRP), adding a new blockchain to Gemini’s growing list of supported networks!

Gemini Adds Support for New Blockchain Network: XRP Ledger (XRP)

Gemini Adds Support for New Blockchain Network: XRP Ledger and its Native Token XRP

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Learn more about XRP on cryptopedia

## What is XRP?

XRP is the native token on the XRP Ledger (XRPL), and is used for payments on the network.

## What is XRP Ledger (XRPL)?

The  XRP Ledger is an open-source and decentralized blockchain powered by a global developer community which includes Ripple, the XRPL Commons, the XRPL Foundation, and XRPL Labs. 

## What is XRP Ledger’s Consensus Mechanism?

The XRP Ledger was designed to be fundamentally different from [Proof-of-Work (PoW)-based blockchains](https://www.gemini.com/cryptopedia/blockchain-types-pow-pos-private#section-proof-of-work-blockchains), like [Bitcoin](https://www.gemini.com/prices/bitcoin). Instead, it uses a unique consensus protocol known as Proof-of-Association (PoA), which requires nodes to create their own lists of trusted nodes, on which they rely for achieving blockchain consensus. 

During the consensus process, designated servers called validators come to an agreement on the order and outcome of XRP transactions about every 3 to 5 seconds. Eighty percent of the validators have to agree to achieve consensus and include blocks on the XRP Ledger mainnet. Anyone can become a validator or create their own list of validators. Ripple, the XRP Ledger Foundation, and others maintain a list of trusted validators known as Unique Node Lists (UNLs).

## What is Ripple?

Ripple, which uses XRP to power its crypto solutions business, has the stated aim of increasing the speed and reducing the cost of cross-border transactions and remittances, with XRP serving as a bridge currency for financial institutions exchanging value between multiple fiat currencies. Ripple is also one of the key XRPL contributors.  

[XRP Ledger website](https://xrpl.org/index.html)  
[Ripple website](https://ripple.com/xrp/)

Learn more about XRP on [Cryptopedia](https://www.gemini.com/cryptopedia):

1. [XRP: Ripple’s Fast and Efficient Fiat Bridge](https://www.gemini.com/cryptopedia/ripple-xrp-cryptocurrency-fiat-bridge)
2. [XRPL: Validating Cross-Border Transaction Settlement](https://www.gemini.com/cryptopedia/xrp-xrpl-cross-border-payments)

View up to date news & the price of XRP token on our XRP Crypto price page and learn how you can buy, sell & trade XRP on Gemini's trading platform.

XRP Price - Buy, Sell & View The Price Of XRP Crypto

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