$XRP
🔹 What is XRP?
XRP is a digital currency developed by Ripple Labs Inc..
It is designed to be a bridge currency to facilitate transfers between different currencies, whether digital or traditional (such as the dollar or euro).
It does not rely on mining like Bitcoin; instead, all units of XRP are issued in advance (pre-mined), with a total of 100 billion units.
🔹 What is the Ripple Network?
Ripple is not just a digital currency; it is a global payment and money transfer system.
It provides a technology known as RippleNet, which is a network used by financial institutions (such as banks and remittance companies) to transfer money across borders almost instantly and at low costs.
XRP is used as an intermediary to facilitate these transfers, especially when there is no direct market between the two currencies.
🔹 Features of XRP:
Transaction speed: a transaction takes about 3 to 5 seconds.
Very low fees: less than $0.01 in most transactions.
