XRP is a digital currency created by Ripple Labs in 2012 with the aim of facilitating international financial transactions quickly and efficiently. Unlike other currencies like Bitcoin, XRP does not rely on mining; instead, 100 billion units were issued all at once. The Ripple network uses a consensus protocol to verify transactions across a group of independent servers, allowing transactions to be completed in just a few seconds with very low fees. XRP is primarily used as a medium for transferring money between different currencies, reducing the need to rely on costly and slow traditional banking systems. Ripple targets financial institutions and banks, aiming to make global transfers more efficient. However, 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 by market capitalization, enjoying strong community support that bets on its widespread use in the future of global financial infrastructure.