Ripple (XRP) MCQs January 8, 2026September 29, 2025 by u930973931_answers 50 Score: 0 Attempted: 0/50 Subscribe 1. : Who founded Ripple Labs, the company behind XRP? (A) Chris Larsen and Jed McCaleb (B) Vitalik Buterin (C) Charlie Lee (D) Gavin Andresen 2. : What is the primary purpose of Ripple (XRP)? (A) Smart contracts (B) Fast cross-border payments (C) NFT trading (D) Mining rewards 3. : When was Ripple first launched? (A) 2008 (B) 2012 (C) 2015 (D) 2017 4. : What consensus mechanism does Ripple use? (A) Proof of Work (B) Proof of Stake (C) Ripple Protocol Consensus Algorithm (RPCA) (D) Delegated Proof of Stake 5. : What is the maximum supply of XRP? (A) 21 million (B) 100 million (C) 100 billion (D) Unlimited 6. : Ripple’s native digital asset is called? (A) RPL (B) XRP (C) RXP (D) XPL 7. : Ripple was initially called? (A) OpenCoin (B) BitRipple (C) XRipple (D) CryptoPay 8. : XRP Ledger operates as a? (A) Public, decentralized blockchain (B) Centralized bank database (C) Private company ledger (D) Sidechain of Ethereum 9. : XRP transactions usually settle in? (A) 10 minutes (B) 2 hours (C) 3–5 seconds (D) 1 day 10. : Ripple’s primary focus is on? (A) Banks and financial institutions (B) NFT marketplaces (C) Gaming companies (D) Social media platforms 11. : Which company developed RippleNet? (A) Ripple Labs (B) Coinbase (C) ConsenSys (D) Binance 12. : XRP is not mined because? (A) It uses a pre-mined supply (B) It is proof of stake (C) It is centralized (D) It requires only fiat 13. : Ripple’s system of liquidity management is called? (A) xRapid (B) xVia (C) xCurrent (D) RipplePay 14. : Which U.S. authority filed a lawsuit against Ripple in 2020? (A) SEC (B) FBI (C) Federal Reserve (D) DOJ 15. : XRP Ledger was launched in which year? (A) 2011 (B) 2012 (C) 2014 (D) 2015 16. : Ripple’s token XRP is mainly used as a? (A) Governance token (B) Bridge currency (C) Staking coin (D) Meme coin 17. : Ripple’s official payment network is called? (A) RippleChain (B) RippleNet (C) XRP Pay (D) RippleX 18. : XRP transactions are recorded on? (A) Ethereum blockchain (B) Ripple Ledger (C) Bitcoin blockchain (D) Hyperledger 19. : XRP is often criticized for being? (A) Too volatile (B) Too centralized (C) Too slow (D) Too anonymous 20. : Who is the current CEO of Ripple Labs (2023)? (A) Chris Larsen (B) Brad Garlinghouse (C) Jed McCaleb (D) Brian Armstrong 21. : Ripple’s xCurrent product is mainly used for? (A) Transaction settlement (B) Mining blocks (C) NFT storage (D) Cloud hosting 22. : Ripple’s xVia is designed for? (A) Payment integration for businesses (B) Mining hardware (C) Smart contracts (D) Token swaps 23. : Which major financial institutions have tested Ripple’s technology? (A) Santander and American Express (B) Facebook and Google (C) Tesla and Amazon (D) Twitter and Netflix 24. : What is Ripple’s vision? (A) To replace banks (B) To enable internet of value (C) To create NFTs (D) To power metaverse 25. : Ripple’s transaction fees are generally? (A) Higher than Bitcoin (B) Lower than Bitcoin (C) Equal to Ethereum (D) Based on mining difficulty 26. : What unique feature does XRP have compared to Bitcoin? (A) Instant settlement (B) Smart contracts (C) Decentralized apps (D) NFT support 27. : Jed McCaleb, Ripple’s co-founder, later founded? (A) Ethereum (B) Stellar (XLM) (C) Cardano (D) Polkadot 28. : Ripple’s XRP Ledger supports how many transactions per second (approx.)? (A) 7 (B) 1,500 (C) 100 (D) 10,000 29. : What does ODL in Ripple stand for? (A) On-Demand Liquidity (B) Open Digital Ledger (C) Official Digital Layer (D) On-Chain Data Link 30. : Ripple was created to compete with which traditional system? (A) SWIFT (B) Visa (C) Mastercard (D) PayPal 31. : Ripple differs from Bitcoin because it does not rely on? (A) Consensus (B) Blockchain (C) Mining (D) Nodes 32. : The smallest unit of XRP is called? (A) Drop (B) CentXRP (C) MiniXRP (D) MicroCoin 33. : Ripple’s lawsuit with SEC primarily questioned whether XRP is a? (A) Currency (B) Commodity (C) Security (D) Utility token 34. : RippleNet uses XRP primarily as? (A) Settlement asset (B) Staking token (C) Voting coin (D) Mining incentive 35. : Ripple’s ODL helps in? (A) Real-time cross-border settlements (B) Mining rewards (C) NFT minting (D) Token governance 36. : Ripple’s XRP Ledger consumes? (A) High energy like Bitcoin (B) Very low energy (C) Only renewable energy (D) Unlimited resources 37. : Ripple’s XRP is traded on? (A) Only RippleNet (B) Major crypto exchanges (C) Only Binance (D) Private networks only 38. : What does XRPL stand for? (A) XRP Ledger (B) XRP Licensing (C) XRP Legal (D) XRP Loans 39. : Ripple is headquartered in? (A) New York (B) San Francisco (C) London (D) Singapore 40. : Ripple’s bridge currency function is to? (A) Replace USD (B) Connect different fiat currencies (C) Create NFTs (D) Mine Bitcoin 41. : Which Ripple product was discontinued and merged into ODL? (A) xVia (B) xRapid (C) RipplePay (D) xCurrent 42. : Ripple’s transaction fees are paid in? (A) BTC (B) ETH (C) XRP (D) USD 43. : Ripple’s XRPL supports issuing? (A) Stablecoins and tokens (B) NFTs only (C) DeFi loans (D) Smart contracts 44. : RippleNet provides banks with? (A) Instant liquidity (B) Cloud services (C) Mining equipment (D) Privacy coins 45. : Ripple’s primary competitors are? (A) SWIFT and Stellar (B) Ethereum and Solana (C) Bitcoin and Litecoin (D) Dogecoin and Shiba Inu 46. : XRP Ledger closes a block approximately every? (A) 10 minutes (B) 4 seconds (C) 1 minute (D) 15 seconds 47. : Which famous company invested in Ripple in 2016? (A) Google Ventures (B) Amazon (C) Microsoft (D) IBM 48. : RippleNet is mainly used by? (A) Retail crypto traders (B) Banks and payment providers (C) NFT artists (D) Miners 49. : Ripple’s transaction speed makes it suitable for? (A) Cross-border remittances (B) Proof-of-Stake mining (C) Token staking (D) Long-term holding only 50. : XRP is often ranked among the top cryptocurrencies by? (A) Market capitalization (B) Mining hash power (C) NFT adoption (D) Number of smart contracts