$XRP # is a digital currency created by Ripple Labs. The currency is designed as a payment protocol to facilitate the transfer of international currency at high speed and low cost. Here are some key points about XRP:
1. The main purpose: XRP is used as an alternative to traditional payment systems such as SWIFT to facilitate faster and cheaper transfer of funds between countries.
2. Speed and Cost: One of the highlights of the XRP is its high speed and low cost of transactions. XRP transactions are usually completed in less than 5 seconds and their transaction costs are very low.
3, limited number of tokens: The total number of XRP token is limited to 100 billion units, most of which are in the hands of Ripple Labs.
4. High liquidity: XRP is traded in world markets and has become one of the largest digital currencies in terms of market capital.
5. Ripple Project: Ripple, as a company behind XRP, collaborates with banks and financial institutions to create blockchain -based payment solutions.
The XRP is recognized as an important tool in the international pay industry despite legal challenges and competition with other digital currencies.
