What Is Ripple?

XRP is the native cryptocurrency of the XRP ledger—a blockchain optimized for payments. According to Ripple, the company that created XRP, the blockchain can process 1,500 transactions per second.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

ETF.com Insight and Analysis
XRP is the native cryptocurrency of the XRP ledger—a blockchain optimized for payments. According to Ripple, the company that created XRP, the blockchain can process 1,500 transactions per second.

Ripple is a major contributor to the XRP ledger, and says that it runs six of the 36 validator nodes on the network.

In December 2020, the Securities and Exchange Commission sued Ripple and two of its executives for selling unregistered securities. The SEC’s lawsuit, which is ongoing, alleges that the company and its executives raised $1.3 billion through the sale of XRP to fund Ripple’s operations. Ripple denies the allegations.

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.