$XRP

XRP is a digital asset and cryptocurrency that runs on the XRP Ledger (XRPL), an open-source, decentralized blockchain developed by Ripple Labs. It is designed for fast and low-cost cross-border payments, making it popular in the financial sector for remittances and international transactions.

Key Features of XRP: Speed: Transactions settle in 3-5 seconds. Low Fees: Transaction costs are typically fractions of a cent. Scalability: Can handle 1,500 transactions per second (TPS). Decentralization: The XRP Ledger is maintained by independent validators, not just Ripple Labs. Use Cases: Cross-border Payments: Banks and financial institutions use RippleNet, which leverages XRP for instant global transactions. Liquidity Provision: XRP acts as a bridge currency, facilitating currency exchange without pre-funded accounts. Retail Payments: Some businesses accept XRP for goods and services.

Unlike Bitcoin, which relies on mining, XRP uses a consensus protocol to validate transactions, making it more energy-efficient.

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