$XRP : A cryptocurrency for cross-border transactions

XRP, created by Ripple Labs in 2012, is a cryptocurrency designed to facilitate fast and low-cost international payments. Unlike Bitcoin, XRP is not mined; all 100 billion tokens have been pre-issued. Its protocol, the XRP Ledger, allows transactions in just a few seconds, compared to several minutes for other blockchains. Ripple uses XRP to optimize interbank transfers, providing an alternative to traditional systems like SWIFT. Despite its efficiency, XRP faces controversies, including a legal battle with the SEC in the United States, which questions its status as a security. With a significant market capitalization, XRP remains a key player in the crypto market, praised for its utility in global finance.