5 key points to understand the rise of XRP.
*1°-Speed and Low Cost: Transactions with XRP are almost instant and much cheaper than those of other cryptocurrencies.
* 2°-Focus on Global Payments: The main goal of the XRP Ledger is to facilitate international transfers for financial institutions.
* 3°-Consensus Technology: Unlike Bitcoin, XRP does not use mining. It has its own consensus protocol, which makes it more energy-efficient.
*4°-Bridge Currency: XRP can act as an intermediary to convert different currencies (fiat or crypto) in international transactions.
* 5°-Company vs. Cryptocurrency: It is important to distinguish Ripple Labs, the company that created the technology, from XRP, the digital asset that powers it.