#Ripple
XRP is the original digital currency of the Ripple network, which is a payment and money transfer network based on blockchain technology.
It was developed in 2012 by Ripple Labs with the aim of speeding up international transactions and reducing their cost compared to traditional banking systems like SWIFT.
🔹 Key Features of XRP:
It acts as a bridge between different currencies for global payment settlement.
Transaction confirmation time is very fast (usually 3–5 seconds).
Transfer fees are very low (often less than one cent).
The network can process about 1500 transactions per second.
🔹 Use Cases:
Facilitating cross-border transfers for financial institutions.
Liquidity when exchanging currencies (On-Demand Liquidity).
It is traded as a digital asset on cryptocurrency platforms.
🔹 Important Notes:
XRP is not a version of Bitcoin; it uses a different consensus protocol instead of mining.
Its price is influenced by the general market for cryptocurrencies and news related to lawsuits or partnerships of Ripple.
