XRP is the native digital asset of the Ripple network, designed to facilitate fast and low-cost cross-border payments. Launched in 2012 by Ripple Labs, XRP aims to bridge traditional financial systems with blockchain technology by enabling instant settlement between banks and payment providers. Unlike Bitcoin, XRP transactions confirm within seconds and incur minimal fees. Ripple’s protocol focuses on liquidity and reducing the costs of international money transfers. Despite regulatory challenges, including ongoing legal battles with the SEC, XRP remains popular among financial institutions and crypto investors. Its scalability and efficiency make it a key player in the evolving world of global payments.
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