$XRP XRP is a cryptocurrency created by Ripple Labs in 2012 to facilitate fast and inexpensive cross-border payments. Its network, RippleNet, allows banks and financial institutions to transfer money in seconds with low fees. Unlike Bitcoin, XRP does not use mining; all of its coins were pre-mined (100 billion). Its consensus technology, the XRP Ledger, offers high speed and scalability. Although it has faced regulations and lawsuits, it remains one of the most widely used cryptocurrencies. Its main purpose is to improve global liquidity and reduce costs in international payments, attracting the interest of companies and users around the world.