#BERAonBinance XRP is a digital currency issued by Ripple Labs, and aims to facilitate fast and efficient cross-border payments. It runs on the XRP Ledger Network, a decentralized blockchain network that supports instant transactions with very low fees. XRP is primarily used by financial institutions and banks to settle international transfers and reduce reliance on traditional intermediaries such as the SWIFT system. It is characterized by its high speed, with transactions taking only a few seconds, and supporting thousands of transactions per second. Despite its popularity, XRP has faced legal challenges with the US Securities and Exchange Commission (SEC) regarding its classification as a security.