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XRP/NGN - XRP Nigerian Naira
Information about the XRP to NGN price today (1 XRP to Nigerian Naira) is available on this page. Assess the value over time and get today's XRP to NGN data and analysis right here.
Stay informed with real-time data for XRP to NGN price exchanges (using the Luno rate), live and breaking crypto news, expert opinions, in-depth analyses, and key economic events surrounding the live XRP/NGN cross. Engage with our crypto community today to discuss and share sentiments on our XRP to NGN forum.
Harness these invaluable (free) resources to navigate the dynamic world of XRP Nigerian Naira exchange rates. Empower your decisions by selecting your desired time frame on the XRP Nigerian Naira UK price graph to view (live) minute-by-minute or monthly data.
Stay informed with real-time data for XRP to NGN price exchanges (using the Luno rate), live and breaking crypto news, expert opinions, in-depth analyses, and key economic events surrounding the live XRP/NGN cross. Engage with our crypto community today to discuss and share sentiments on our XRP to NGN forum.
Harness these invaluable (free) resources to navigate the dynamic world of XRP Nigerian Naira exchange rates. Empower your decisions by selecting your desired time frame on the XRP Nigerian Naira UK price graph to view (live) minute-by-minute or monthly data.
Luno
Currency in
NGN
| XRP/NGN | · | Nigerian Naira | |
| XRP/EUR | · | Euro | |
| XRP/PLN | · | Polish Zloty | |
| XRP/SEK | · | Swedish Krona | |
| XRP/TRY | · | Turkish Lira | |
| XRP/RUB | · | Russian Ruble | |
| XRP/GBP | · | British Pound Sterling | |
| XRP/MXN | · | Mexican Peso | |
| XRP/CAD | · | Canadian Dollar | |
| XRP/USD | · | US Dollar | |
| XRP/BRL | · | Brazil Real | |
| XRP/ARS | · | Argentinian Peso | |
| XRP/KRW | · | Korean Won | |
| XRP/IDR | · | Indonesian Rupiah | |
| XRP/JPY | · | Japanese Yen | |
| XRP/INR | · | Indian Rupee | |
| XRP/CNY | · | Chinese Yuan | |
| XRP/HKD | · | Hong Kong Dollar | |
| XRP/MYR | · | Malaysian Ringgit | |
| XRP/VND | · | Vietnamese Dong | |
| XRP/THB | · | Thai Baht | |
| XRP/PHP | · | Philippine Peso | |
| XRP/SAR | · | Saudi Riyal | |
| XRP/ILS | · | Israeli Shekel | |
| XRP/AED | · | UAE Dirham | |
| XRP/ZAR | · | South African Rand | |
| XRP/AUD | · | Australian Dollar |
3,300.00
+149.96(+4.76%)
Real-time Data·
Day's Range
3,300.00
3,300.00
52 wk Range
476.55
5,950.00
Day's Range
3,300.003,300.00
52 wk Range
476.555,950.00
- Bid/Ask
- 3,250.01 / 3,399.99
- Vol (24H)
- 4.65B
- Market Cap
- 126.34B
- Day's Range
- 3,300-3,300
- 52 wk Range
- 476.55-5,950
- Max Supply
- XRP100.00B
- Circulating Supply
- XRP58.94B
- Rank
- 4
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orFAQ
What Is Ripple?
Ripple is a digital payment protocol designed to enable fast, low-cost cross-border money transfers. It uses blockchain technology to allow financial institutions, such as banks and payment providers, to settle transactions in real-time.
Ripple’s network, known as RippleNet, leverages its native cryptocurrency, XRP, as a bridge currency to facilitate these transfers, making them more efficient compared to traditional methods like SWIFT. Ripple focuses on providing a streamlined, scalable solution for global payments, aiming to improve speed and reduce transaction fees for international transfers.
Discover what crypto is and how it works within our Investing Academy.
Ripple’s network, known as RippleNet, leverages its native cryptocurrency, XRP, as a bridge currency to facilitate these transfers, making them more efficient compared to traditional methods like SWIFT. Ripple focuses on providing a streamlined, scalable solution for global payments, aiming to improve speed and reduce transaction fees for international transfers.
Discover what crypto is and how it works within our Investing Academy.
What Is XRP?
XRP is the native cryptocurrency of the Ripple network, designed to facilitate fast, low-cost international money transfers. Unlike traditional cryptocurrencies such as Bitcoin, which focus on decentralisation, XRP is optimised for use by financial institutions as a bridge currency to settle cross-border transactions in real-time.
Ripple's technology allows banks and payment providers to transfer money globally in seconds, reducing fees and delays compared to traditional systems. XRP also has a fixed supply of 100 billion tokens.
Ripple's technology allows banks and payment providers to transfer money globally in seconds, reducing fees and delays compared to traditional systems. XRP also has a fixed supply of 100 billion tokens.
Who Created XRP?
XRP was created in 2012 by Chris Larsen and Jed McCaleb, along with other developers, as part of the Ripple Labs team. The San Francisco-based blockchain startup is also the majority owner of XRP, holding about 61 percent of the digital currency.
Ripple Labs (originally called OpenCoin) developed the Ripple payment protocol and XRP as a faster, more energy-efficient alternative to Bitcoin, with the goal of facilitating real-time, low-cost cross-border payments for financial institutions.
In May 2017, to alleviate concerns surrounding XRP supply, XRP committed to placing 55 billion XRP (88 percent of its XRP holdings) into a cryptographically-secured escrow. The escrow will allow the company to sell up to 1 billion ‘coins’ monthly and return whatever is unused at the end of each month to the back of the escrow queue in the form of an additional month-long contract, essentially starting the process all over.
Ripple Labs (originally called OpenCoin) developed the Ripple payment protocol and XRP as a faster, more energy-efficient alternative to Bitcoin, with the goal of facilitating real-time, low-cost cross-border payments for financial institutions.
In May 2017, to alleviate concerns surrounding XRP supply, XRP committed to placing 55 billion XRP (88 percent of its XRP holdings) into a cryptographically-secured escrow. The escrow will allow the company to sell up to 1 billion ‘coins’ monthly and return whatever is unused at the end of each month to the back of the escrow queue in the form of an additional month-long contract, essentially starting the process all over.
What’s the Difference Between XRP, Ripple and Bitcoin?
XRP, Ripple, and Bitcoin differ in their purpose, technology, and use cases. Bitcoin is a decentralised digital currency primarily used as a store of value and a medium of exchange. In contrast, XRP was created by Ripple to enable fast, low-cost international money transfers, mainly for banks and financial institutions.
Bitcoin operates on a decentralised blockchain using mining (Proof of Work), making it slower and more energy-intensive. XRP uses Ripple’s consensus ledger, which doesn’t require mining, allowing faster transactions with lower fees. Ripple refers to the company behind XRP and the RippleNet payment network.
Bitcoin operates on a decentralised blockchain using mining (Proof of Work), making it slower and more energy-intensive. XRP uses Ripple’s consensus ledger, which doesn’t require mining, allowing faster transactions with lower fees. Ripple refers to the company behind XRP and the RippleNet payment network.
How To Buy XRP?
To buy XRP, start by choosing a reputable cryptocurrency exchange that supports XRP, such as Binance, Kraken, or KuCoin. After creating an account and completing identity verification, deposit funds using a bank transfer, credit/debit card, or cryptocurrency. Once your account is funded, search for XRP and place a buy order at the current market price or set a limit order at your desired price. After purchasing, it's recommended to store your XRP in a secure wallet, either on the exchange or a private wallet.
Unlike Bitcoin, some exchanges may not list XRP due to ongoing legal issues (as part of a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs in December 2020), so it’s important to verify availability on your chosen platform.
Unlike Bitcoin, some exchanges may not list XRP due to ongoing legal issues (as part of a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs in December 2020), so it’s important to verify availability on your chosen platform.
How to Choose an XRP Exchange?
When choosing an XRP exchange, it's important to ensure the platform complies with local regulations and supports XRP, as some exchanges delisted it due to ongoing legal issues. Additionally, prioritise security by selecting exchanges that offer two-factor authentication, encryption, and cold storage for funds.
Compare fees, including transaction, deposit, and withdrawal costs, across platforms to find the best option for your needs. Reputation is also key—choose an exchange with positive reviews and a solid track record. Finally, confirm that your preferred payment method, such as bank transfers or credit/debit cards, is supported. Popular platforms include Binance, Kraken, and KuCoin.
Compare fees, including transaction, deposit, and withdrawal costs, across platforms to find the best option for your needs. Reputation is also key—choose an exchange with positive reviews and a solid track record. Finally, confirm that your preferred payment method, such as bank transfers or credit/debit cards, is supported. Popular platforms include Binance, Kraken, and KuCoin.
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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