$XRP

XRP is a digital asset and cryptocurrency associated with Ripple Labs, designed for fast and low-cost cross-border payments. It operates on the XRP Ledger, a decentralized blockchain that facilitates secure, quick, and efficient transactions. Unlike Bitcoin and Ethereum, XRP doesn't rely on traditional mining, using a consensus algorithm instead. Ripple's network is used by financial institutions and payment providers to streamline global money transfers. XRP aims to reduce transaction fees, increase transaction speed, and offer scalability. Despite facing regulatory challenges, particularly in the U.S. regarding its classification, XRP remains a popular cryptocurrency in the global financial sector.