XRP is the native cryptocurrency of the Ripple platform, created in 2012. Designed to facilitate fast and secure financial transactions, XRP is used for settlement and clearing of payments between financial institutions. With its distributed consensus technology, XRP enables real-time transactions with low costs and high scalability. In addition, XRP is used in cross-border payment services, such as RippleNet. Its adoption by financial institutions and payment companies makes XRP one of the most promising cryptocurrencies on the market.
