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HomeCrypto NewsMarketHere is How XRP is Designed to Revolutionize Global Payment with 293M+ Txns a Day

Here is How XRP is Designed to Revolutionize Global Payment with 293M+ Txns a Day


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In a recent tweet, prominent XRP influencer Alex Cobb revealed some impressive statistics about the capabilities of the XRP Ledger (XRPL) blockchain.

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Cobb spotlighted that XRP can process 3,400 transactions per second (TPS). He further broke down the figure into minutes, hours, and days to help the crypto community visualize the XRP blockchain capability better.

In particular, Cobb highlighted that the XRP 3,400 TPS translates to 204,000 transactions per minute, which in turn implies a remarkable 12.24 million transactions per hour. And on a 24-hour scale, Cobb stated the XRP token can facilitate over 293 million transactions per day.

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Furthermore, Cobb pointed out that the staggering figures highlight XRP’s suitability as a global utility asset, particularly for the banking sector worldwide. 

“XRP is truly designed to be a global utility asset for banks all around the world,” the XRP influencer remarked. 

The assertion underscores the potential for XRP to be an attractive choice for financial institutions seeking to harness the power of blockchain technology. A comment to Cobb’s tweet humorously likened XRP’s transaction capability to the legendary marathon runner Usain Bolt.

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Expert Disagrees 

Meanwhile, Daniel Keller, an XRPL ambassador and the Chief Technology Officer (CTO) at Eminence, provided a dose of reality to the XRP 3,400 TPS boast. Note that this figure is on the official XRP page on the Ripple website.

Keller clarified that the 3,400 TPS is merely a theoretical figure obtainable in a controlled lab environment under perfect conditions. According to Keller, in the real world, where conditions are imperfect, XRP can not hit 3,400 TPS.

When asked about the realistic TPS of XRP in practical scenarios, Keller explained it based on experience and available data. Specifically, he mentioned that the real-world XRP transaction speed typically ranges between 500 and 700 TPS.

Besides, Ripple’s CTO recently confirmed this claim, as The Crypto Basic reported. Until recently, the XRP development team has advertised that XRP can facilitate 1,500 TPS. The Crypto Basic reported that the XRP blockchain’s capability increased from 1,500 to 3,400 early last month.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a blockchain writer with a specific interest in journalistic writing. He covers breaking events in the crypto community and blockchain industry. Over the past year, he has published over 1,500 short-form and long-form content for Web3 publishing firms.

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