Conversion rate; February 20, 2025

Cryptocurrency, often called crypto, is a currency that exists in a digital or virtual format and utilises cryptography to secure transactions. This article provides an update on the latest Ripple (XRP) price in Pakistani rupees (PKR).

Unlike traditional currencies, cryptocurrencies lack a central issuing or regulatory authority. Instead, they operate on a decentralized system that records transactions and generates new units.

On February 20, 2025, significant fluctuations were observed in the exchange rates of various digital currencies, including Bitcoin (BTC), Dogecoin (DOGE), and Ripple (XRP), within the cryptocurrency market. This update offers concise information on the latest developments and trends in the cryptocurrency sector, highlighting the most recent prices in both US dollars (USD) and Pakistani rupees (PKR).

Ripple (XRP) Price in PKR

At 11:55 AM Pakistan Standard Time (PST) on February 20, 2025, one Ripple is worth PKR 760.05 on the open exchange market. The Ripple rate has been computed and contrasted with the closing rate of PKR 755.21 on February 19, 2025.

Read More: BTC to PKR: Conversion rate; February 20, 2025

On February 20, 2025, at 11:55 AM Pakistan Standard Time (PST), Ripple’s value in US dollars (USD) is $2.72 on the open exchange market. The Ripple rate has been computed and contrasted with the closing rate of $2.70 on February 19, 2025.

This information is not intended for trading or financial advice. Please confirm pricing with your broker before making transactions or investments. The exchange rate should not be considered investment advice, and it’s not recommended to buy, sell, or hold any securities or financial products.

Ripple (XRP): What is it?

In contrast to most cryptocurrencies, which operate in a devolved manner and aren’t controlled by a single organization, XRP is overseen by Ripple, a company that presents itself as a modern alternative to the SWIFT system. This platform is actively used by banks and various financial institutions.

XRP, the native currency of the Ripple network, is already being adopted by financial entities through Ripple’s open-source framework and network. Instead of competing directly with other cryptocurrencies, Ripple aims to enhance the existing SWIFT system.

Additionally, the generation of new XRP tokens does not involve a mining process. There is total supply of 100 billion XRP tokens, but only a portion of these are currently available in the market.