$XRP
XRP is a digital asset and cryptocurrency created by Ripple Labs, primarily used for fast and low-cost cross-border payments. It aims to provide an alternative to traditional banking systems by enabling quicker, more efficient international money transfers. XRP operates on the RippleNet network, which leverages a decentralized consensus ledger. Binance, one of the world’s largest cryptocurrency exchanges, supports XRP for trading against various pairs, such as BTC, ETH, and USDT. Despite facing regulatory challenges, particularly with the SEC, XRP remains a popular choice for traders due to its liquidity, speed, and widespread use in the financial sector.
