How Money Moves: Payment Systems in Canada
From cash and checks to instant digital transactions, understanding how payment systems evolved reveals why blockchain-based rails like XRPL are the next step.
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The XRP Ledger is a blockchain mainnet developed in 2012, designed to realize the "Internet of Value" - enabling anyone to send and receive value as easily as information is shared on the internet.
XRPL Canada is a non-profit community organization dedicated to promoting and expanding the XRP Ledger ecosystem across Canada. We support developers, entrepreneurs, and businesses in building innovative solutions on the XRP Ledger.
Our mission is to serve as the central hub for XRP Ledger innovation in Canada, providing education, resources, and community support to help build the future of value transfer and blockchain technology.
The XRP Ledger (XRPL) is a decentralized, public blockchain that has been operational since 2012. XRPL is one of the earliest public blockchain networks—battle-tested for over a decade with billions of dollars in value transferred.
3-5 second settlement with 1,500+ TPS capacity—built for real-world payments, not speculation.
No mining required. Uses a fraction of Bitcoin's energy, making it one of the most carbon-efficient blockchains.
Fees typically under $0.01—practical for micropayments and high-volume applications where Ethereum gas would be prohibitive.
Natively supports multi-currency transactions, DEX trading, escrows, and payment channels.
XRP is the digital asset native to the XRP Ledger. Created by early Bitcoin engineers, XRP was built to be more sustainable without the high energy consumption of mining and designed specifically for payments. There is a finite supply of 100 billion XRP. All of it already exists, and no more can be created. XRP can be sent directly without a central intermediary, making it an efficient bridge currency for moving value across borders.
The XRPL founders created Ripple in 2012 to commercialize the technology and drive enterprise adoption. The ledger itself remains open-source and decentralized, governed by independent validators worldwide. Ripple builds enterprise solutions that enable financial institutions to leverage XRPL for payments, custody, and liquidity.
Traditional international payments take 3-5 days to settle, cost an average of $42 per transaction, and have a 5% error rate. The vision behind the XRP Ledger is for value to move as quickly as information: instantly, reliably, and at near-zero cost.
Canada is uniquely positioned to lead in blockchain innovation:
The opportunity is clear, but developers, institutions, and entrepreneurs need a place to connect.
XRPL Canada exists to connect the dots. We're building the hub: resources, communities, connections, and events to realize the Internet of Value where money moves as freely as information.
Everything you need to build on XRPL in Canada—developer tools, wallets, grants, universities, exchanges, legal services, government contacts, and the full Canadian crypto ecosystem.
Explore All ResourcesReal-world XRPL adoption, ecosystem news, and stories from the field
From cash and checks to instant digital transactions, understanding how payment systems evolved reveals why blockchain-based rails like XRPL are the next step.
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Read MoreWhether you're a developer, entrepreneur, or simply curious about XRPL, we'd love to hear from you. Join our community and help build the future of value transfer in Canada!