XRP is a cryptocurrency developed by Ripple Labs, designed for fast and low-cost cross-border payments. It's known for its:

1. Speed: XRP transactions settle in seconds.

2. Low fees: Transaction costs are minimal.

3. Scalability: XRP Ledger can handle high transaction volumes.

XRP is used by various financial institutions and banks for:

1. Cross-border payments

2. Liquidity provision

3. Remittances

Would you like to know more about XRP's technology, use cases, or market trends?