XRP is a cryptocurrency created by Ripple Labs with the aim of facilitating fast and low-cost international transfers between financial institutions. Unlike Bitcoin, which aims to decentralize money, XRP was developed with a focus on the banking sector and global payments.
One of the main advantages of XRP is its speed: while a Bitcoin transaction can take minutes (or even hours), XRP completes transactions in a few seconds, with extremely low fees. This is why it has attracted the attention of banks and money transfer companies around the world.
Despite the controversies surrounding regulatory processes in the U.S., especially with the SEC (Securities and Exchange Commission), XRP remains one of the most well-known and used cryptocurrencies in the market.
