1. Cross-Border Payments Utility:
XRP is designed for fast and low-cost international money transfers via RippleNet, a network used by some financial institutions.
Transactions settle in seconds, compared to minutes or hours for Bitcoin or SWIFT.
2. Institutional Partnerships:
Ripple (the company behind XRP) has partnered with various banks and payment providers globally, which adds some legitimacy to its use case.
3. Scalability:
XRP can handle around 1,500 transactions per second, making it more scalable than many other cryptocurrencies.
