$XRP XRP is a cryptocurrency created by Ripple Labs, designed for fast and low-cost cross-border payments. It operates on the XRP Ledger (XRPL), a decentralized blockchain that enables near-instant transactions with minimal fees. Unlike Bitcoin or Ethereum, XRP does not rely on proof-of-work mining; instead, it uses a consensus protocol.

Key Features of XRP:

• Speed: Transactions settle in 3-5 seconds.

• Low Fees: Transaction costs are typically a fraction of a cent.

• Scalability: Can handle 1,500 transactions per second.

• Bank Partnerships: Ripple collaborates with financial institutions worldwide to improve global payments.