$XRP

XRP, the native digital asset of Ripple Labs, is a digital payment protocol designed to enable rapid, cost-effective cross-border transactions. Unlike many cryptocurrencies, XRP does not rely on mining; instead, it operates on a unique consensus ledger, making it faster and more environmentally friendly. XRP's primary purpose is to facilitate liquidity and settlement between financial institutions, reducing the costs and delays associated with international payments. Over the years, XRP has gained widespread adoption among banks and payment providers globally, including notable partnerships with Santander and MoneyGram. However, XRP has also faced regulatory challenges, notably a lawsuit from the U.S. Securities and Exchange Commission (SEC), which has created uncertainty around its status. Despite this, XRP remains one of the top cryptocurrencies by market capitalization, valued for its utility in streamlining global transactions. Its technology continues to evolve, aiming to revolutionize the traditional banking and payments landscape.