$XRP XRP is one of the most well-known cryptocurrencies, primarily associated with Ripple Labs and its payment solutions. Here are some interesting and positive facts about XRP:
### **1. Fast & Efficient Transactions**
- XRP transactions settle in **3-5 seconds**, much faster than Bitcoin (10+ minutes) or Ethereum (15+ seconds).
- It can handle **1,500+ transactions per second (TPS)**, compared to Bitcoin’s ~7 TPS and Ethereum’s ~30 TPS (pre-upgrades).
### **2. Low Transaction Costs**
- The average cost per XRP transaction is **less than $0.01**, making it ideal for cross-border payments.
### **3. Designed for Cross-Border Payments**
- XRP is used by Ripple’s payment solutions (RippleNet & ODL) to facilitate **instant, low-cost international money transfers**.
- Major financial institutions like **Bank of America, Santander, and SBI Holdings** have tested or adopted Ripple’s technology.
### **4. Finite Supply (Deflationary)**
- The total supply of XRP is **capped at 100 billion**, with a significant portion held in escrow by Ripple for controlled release.
- Unlike Bitcoin’s mining, XRP is **pre-mined**, meaning no new coins are created—reducing inflation risks.
### **5. Energy Efficient**
- XRP uses a **consensus protocol (not Proof-of-Work)**, consuming far less energy than Bitcoin or Ethereum (pre-merge).
### **6. Strong Liquidity & Market Presence**
- XRP has consistently been among the **top 10 cryptocurrency by market cap** despite regulatory challenges.
- It is listed on major exchanges like **Binance, Kraken, and Bitstamp**.
7. Legal Clarity (After SEC Lawsuit)**
- In July 2023, Ripple won a partial victory against the SEC, with a court ruling that **XRP is not a security when sold to the public**.
- This decision boosted confidence in XRP’s regulatory standing.