#TariffsPause XRP is a digital currency developed by Ripple Labs, designed to facilitate fast and low-cost international money transfers. Unlike many cryptocurrencies, XRP operates on a centralized ledger called the XRP Ledger, which enables transactions to settle in just seconds. It aims to serve as a bridge currency in cross-border payments, helping banks and financial institutions streamline transfers without relying on traditional correspondent banking systems. XRP has garnered attention for its scalability, energy efficiency, and use in real-world financial applications. Despite ongoing legal battles with the SEC over its classification, XRP continues to be a prominent player in the crypto market.