$XRP Litecoin (LTC) and XRP are both cryptocurrencies but serve different purposes. LTC, created in 2011 by Charlie Lee, is a peer-to-peer digital currency based on Bitcoin’s code, designed for faster transactions and lower fees. XRP, developed by Ripple Labs, focuses on facilitating cross-border payments for banks and financial institutions, offering near-instant settlements. While LTC operates on a proof-of-work blockchain like Bitcoin, XRP uses a consensus protocol for faster and more efficient transactions. Both assets have strong communities and unique use cases, making them valuable in the crypto space for different reasons—LTC as digital cash and XRP for payments.