$XRP XRP is a fast and low-cost cryptocurrency facilitating cross-border payments. Developed by Ripple Labs, XRP enables real-time settlements, leveraging its distributed ledger technology. With a market capitalization of over $20 billion, XRP is one of the top cryptocurrencies globally.
Key Features:
1. *Fast transactions*: XRP transactions settle in under 5 seconds.
2. *Low fees*: Transaction fees are significantly lower than traditional payment systems.
3. *Scalability*: XRP's ledger can handle over 1,500 transactions per second.
Regulatory Challenges:
XRP has faced regulatory uncertainty, particularly in the US, where the SEC has raised concerns about its status as a security. Despite this, XRP remains a popular choice for cross-border payments and has gained traction among financial institutions.