$BTC XRP is a digital currency that was created by Ripple Labs Inc., primarily designed for fast, low-cost international money transfers.

Here’s a quick breakdown:

Blockchain: XRP runs on its own blockchain, called the XRP Ledger (XRPL).

Speed & Fees: Transactions are extremely fast (around 3-5 seconds) and have very low fees—much cheaper than Bitcoin or Ethereum.

Use Case: XRP is mainly used by banks and financial institutions to transfer money across borders quickly and efficiently.

Supply: Unlike Bitcoin, all XRP was pre-mined (a total of 100 billion), meaning no new XRP is created through mining.

XRP is also known for being more environmentally friendly than cryptocurrencies that use proof-of-work, like Bitcoin.

Want to know more about how it's used or about Ripple's legal situation with the SEC?