$XRP XRP is the native cryptocurrency of Ripple, a cryptocurrency payment system created by Ripple Labs Inc. XRP is its "digital asset built for global payments," which implies that Ripple aims to compete with money transfers typically conducted by the banking system. XRP allows users to send money at a very low cost, seeking to attract the interest of retail customers and banks. An important value proposition of Ripple is its tiny transaction costs while offering a transaction finality of less than five seconds.