XRP $XRP
is the native digital asset of the XRP Ledger, created by Ripple Labs in 2012. It's designed to enable instant, low-cost international payments — aiming to revolutionize the global financial system.
Transaction Speed: ~3–5 seconds
Transaction Cost: ~$0.0002
Consensus Mechanism: Unique Node List (UNL), not traditional mining
Main Use Case: Cross-border payments for banks and payment providers
XRP$XRP isn’t just a cryptocurrency — it’s part of Ripple’s broader mission to improve the global money transfer system, competing with systems like SWIFT. RippleNet, powered by XRP, enables instant settlement between financial institutions.
Despite being under legal scrutiny from the U.S. SEC, XRP$XRP maintains a strong presence and loyal community. If regulatory clarity improves, XRP could become a backbone for global crypto payments.
🔹 Interesting Fact:
XRP is not mined — all 100 billion tokens were created at launch. Ripple Labs holds a significant portion, released gradually.