$XRP $XRP is a digital currency developed by Ripple Labs, designed for fast, low-cost international money transfers. Unlike Bitcoin, XRP uses a consensus ledger and does not rely on traditional mining. It aims to bridge fiat and cryptocurrencies, making cross-border payments more efficient for banks and financial institutions. XRP transactions settle in seconds, with minimal fees, making it ideal for high-volume transfers. While Ripple faces legal scrutiny from the U.S. SEC over XRP's classification, the token remains widely traded. XRP’s utility in RippleNet and its partnerships with global banks keep it relevant in the evolving world of digital finance.