XRP, the native cryptocurrency of the Ripple network, is designed primarily for fast and cost-efficient cross-border payments. Unlike many other cryptocurrencies, XRP does not rely on traditional mining; instead, it uses a consensus protocol among trusted validators to confirm transactions, enabling settlement in seconds with minimal fees. Ripple Labs, the company behind XRP, has partnered with numerous financial institutions aiming to modernize and streamline international money transfers. Despite facing regulatory scrutiny—most notably the U.S. SEC lawsuit—XRP continues to maintain a strong presence in the global crypto market. As legal clarity improves and institutional use cases expand, XRP could further solidify its role in bridging traditional finance and blockchain technology.

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