$BTC XRP is a digital currency created by Ripple Labs to facilitate fast and low-cost cross-border transactions. Unlike many other cryptocurrencies, XRP doesn't rely on traditional mining; instead, it uses a consensus ledger and a network of validating servers. This allows transactions to settle in just seconds with minimal fees, making it attractive for financial institutions and remittance services. XRP aims to bridge different fiat currencies and provide liquidity in global markets. It is often used within Ripple’s payment ecosystem, including RippleNet and On-Demand Liquidity (ODL). Despite regulatory challenges, XRP remains one of the top cryptocurrencies by market capitalization.