$XRP - Cross-border payment settlement: It enables funds to flow quickly around the world, allowing small businesses to receive customer remittances in seconds, which can reduce the cost and time of cross-border payments.

- Acts as a bridge currency: It is a universal currency and liquidity tool within the Ripple system, freely circulating between any gateways, facilitating the exchange between different currencies.

- Assists financial institutions: Helps banks and other financial institutions to transfer and settle funds more efficiently, improving the efficiency of financial transactions.

- Supports decentralized finance: Has applications in the decentralized finance sector, allowing developers to build on the XRP Ledger.