$XRP XRP is a digital currency created by Ripple Labs, designed to facilitate fast, low-cost international payments. Unlike traditional cryptocurrencies, XRP doesn't rely on mining, making it more energy-efficient and scalable. It aims to solve the problem of slow and expensive cross-border transactions, offering a decentralized yet highly efficient alternative to traditional banking systems. XRP has gained significant traction among financial institutions, who use Ripple's technology to enable faster, more secure transactions. With its focus on financial inclusion and interoperability, XRP continues to play a key role in transforming the global payments landscape, making cross-border transfers simpler and more affordable.