#XRPETF **XRP Currency: Ripple and Faster Financial Transfers**

XRP is a digital currency created by **Ripple** in 2012, aiming to accelerate and improve **global money transfers**. XRP is used as a bridge between different currencies, reducing costs and time compared to traditional systems like **SWIFT**.

XRP is known for its exceptional speed, with transactions occurring in just **3-5 seconds**, and very low fees. It targets banks and financial institutions to enhance cross-border payment efficiency.

Despite criticisms of its centralization (as Ripple holds a significant portion of the currency), XRP remains one of the most important currencies in the **decentralized finance (DeFi)** space.