$XRP is a digital currency created by Ripple Labs, designed for fast, low-cost cross-border payments. Unlike many cryptocurrencies, XRP doesn’t rely on traditional mining; instead, it uses a consensus algorithm to validate transactions, making it energy-efficient and

scalable. XRP aims to bridge the gap between different currencies, enabling quicker and cheaper international money transfers. Financial institutions and payment providers widely use XRP for liquidity and remittance services. Despite facing regulatory challenges, XRP remains one of the top cryptocurrencies by marketcapitalization, continuously contributing to the adoption of blockchain technology in global financial systems.