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XRP Ledger (XRP)

What is the XRP Ledger (XRP)?​

Here are 5 key points about the XRP Ledger:

  • XRP is a digital currency designed specifically for fast and efficient cross-border payments.

  • XRP operates on the XRP Ledger, an open-source, decentralized blockchain. This ledger uses a consensus protocol to validate transactions, ensuring quick and reliable processing without relying on a central authority.

  • XRP transactions are processed within seconds, making it one of the fastest digital assets for transferring value.

  • Transactions involving XRP incur minimal fees, often just fractions of a cent. This cost-effectiveness makes it an attractive option for both small and large transactions, especially in international contexts.

  • Many banks and financial institutions use XRP and the XRP Ledger for real-time cross-border payments and liquidity management.


Learn more about XRP by reading the Gem Wallet Learn article:
What Is The XRP Ledger?

XRP Ledger on Gem Wallet​

  • Buy XRP with fiat using debit/credit cards.
  • Store XRP after paying for the Reserve Fee.
  • Send and Receive XRP natively.

XRP Wallet on Gem Wallet XRP Wallet with the Reserve Fee


The XRP Reserve Fee is a requirement of the XRP Ledger.

How to Get XRP?​

Here are some ways to acquire some Solana (SOL):

  • Buy XRP directly on the Gem Wallet app.
  • Receive XRP with the unique XRP address on the Gem Wallet app.

Buy XRP with Gem Wallet Receive XRP with Gem Wallet

Transaction Fees on the XRP Ledger​

The fees on XRP are summarized as follows:

  • XRP transactions fees are extremely low, typically just fractions of a cent. This makes XRP an economical choice for transferring value, especially for high-frequency or high-volume transactions.
  • The transaction fees on the XRP Ledger serve as an anti-spam measure to prevent network abuse.
  • The fees may increase slightly to maintain network performance and prevent congestion, ensuring that legitimate transactions are prioritized.

Send XRP with Gem Wallet Transaction Fees on XRP

How to Check XRP Balance?​

Gem Wallet app connects to the XRP Ledger to show the XRP balance on your wallet. Tap on the 3 dots at the upper right corner, then tap on View address on

View XRP Balance Screen XRP Transaction Screen


XRPSCAN is the default XRP explorer of Gem Wallet. You can manually check balances and transactions by going to XRPSCAN and search for your XRP address.

View XRP Balance on XRPSCAN View Transaction on XRPSCAN