$XRP was created by Ripple Labs in 2012, building on earlier ideas for a decentralized payment system.
The goal was to create a digital currency for fast, low-cost global payments.
XRP is the digital asset of the XRP Ledger, a technology that facilitates efficient value transfers.
#RippleLabs is seeking partnerships with banks to use XRP for cross-border payments.
$XRP gained popularity, but faced a lawsuit from the SEC in the US, which created uncertainty.
In 2023, Ripple won a partial victory over the SEC.
Fast and cheap transactions.
Focused on cross-border payments.
Efficient XRP Ledger technology.
Partnerships with financial institutions. #xrp