🌐 XRP: Revolutionizing Cross-Border Payments
XRP, the native cryptocurrency of the XRP Ledger (XRPL), was developed by Ripple Labs Inc. to solve a major global issue — the inefficiencies in traditional cross-border payment systems. Launched in 2012, XRP has since gained global attention for its speed, scalability, and real-world utility in financial services.
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💡 What is XRP?
XRP is a digital asset that facilitates fast and cost-efficient international transactions. Unlike Bitcoin or Ethereum, XRP is not mined. All 100 billion coins were pre-mined at inception, and a large portion is held by Ripple Labs, which gradually releases XRP into the market to maintain stability.
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⚙️ Key Features of XRP:
Feature Description
Speed Transactions settle in 3–5 seconds
Scalability Handles up to 1,500 transactions per second (TPS)
Low Cost Each transaction costs a fraction of a cent
Eco-Friendly Uses a consensus protocol, not mining — low energy consumption
Liquidity Hub Helps financial institutions source liquidity in mult
iple fiat/crypto pairs