$XRP

XRP is a digital currency created by Ripple Labs to facilitate global financial transfers in a faster and cheaper way compared to traditional systems like SWIFT. It is characterized by not relying on mining (like Bitcoin); instead, the entire supply (100 billion units) was issued from the beginning. XRP is used as an intermediary for transferring money between different currencies, reducing the time and cost of international transfers. The RippleNet network relies on a proprietary protocol that allows banks and financial institutions to use XRP as an instant liquidity bridge. XRP aims to be a key tool in accelerating transactions for banks and major corporations globally.