XRP is a digital currency created by Ripple Labs in 2012 aimed at facilitating international financial transactions quickly and efficiently. Unlike other currencies such as Bitcoin, XRP does not rely on mining; instead, 100 billion units of it were issued at once. The Ripple network uses a consensus protocol to verify transactions across a network of independent servers, allowing transactions to occur in just a few seconds with very low fees. XRP is primarily used as a bridge for transferring money between different currencies, reducing the need to rely on expensive and slow traditional banking systems. Ripple targets financial institutions and banks, seeking to make global transfers more efficient. Despite this, XRP faces legal challenges, most notably the lawsuit with the U.S. Securities and Exchange Commission (SEC), which has affected its market position. XRP is one of the well-known digital currencies and is among the largest in terms of market capitalization, enjoying strong community support betting on its widespread use in the future of global financial infrastructure.