🌊 Ripple $XRP
Ripple is a digital payment network created to provide instant and low-cost financial transfers between financial institutions around the world.
The network's currency is known as XRP and is used as an intermediary in transfer operations, especially in fast international transactions.
🌐 Its goal: to enable banks and payment companies to send money across borders faster, cheaper, and more transparently.
🧠 The Ripple protocol was developed in 2012.
⚙️ Technical features
⚡ Transaction speed: takes less than 5 seconds.
🧾 Extremely low fees (less than $0.001 per transaction).
🧩 Uses a consensus mechanism instead of proof of work or proof of stake.
💻 XRP cannot be mined; instead, 100 billion units were issued in advance.
📊 XRP market performance
💲 The current price usually ranges between $0.5 and $0.6.
⏫ All-time high: about $3.84 in 2018.
📦 Maximum supply: 100 billion XRP, of which over 50 billion are in circulation.
🛠️ Uses of XRP
🌍 Transferring money between countries quickly and efficiently.
🏦 Used by financial institutions (such as Santander, SBI, PNC) for global payment operations.
💼 Some systems rely on XRP as an intermediary currency for conversions between traditional currencies.
✅ Advantages
🚀 High speed and low fees.
🌐 Global network and adoption by financial institutions.
🔒 Does not rely on mining, reducing energy consumption.
⚠️ Disadvantages and challenges
