$XRP O XRP is a cryptocurrency created by Ripple Labs in 2012 to facilitate fast and secure international payments. It is native to the XRP Ledger, an open-source and decentralized blockchain technology. XRP is designed to be an efficient way to transfer money across borders without intermediaries, with transactions settled in 3-5 seconds.
*XRP Features:*
- *Speed*: Fast transactions, with settlement in seconds
- *Low cost*: Minimal transaction fees
- *Scalability*: Ability to process thousands of transactions per second
- *Decentralization*: Based on open-source blockchain
XRP has partnerships with financial institutions and banks, including Santander and American Express. Its current price is approximately $2.35, with a market capitalization of $137.51 billion.¹