$XRP

XRP is the native cryptocurrency of the XRP Ledger, a decentralized blockchain platform designed for fast and low-cost transactions. XRP acts as a bridge currency, facilitating international payments between different fiat currencies. Here are some key features ¹ ²:

- *Transaction Speed*: XRP transactions are confirmed in 3-5 seconds, significantly faster than Bitcoin's 10-minute block time.

- *Low Transaction Costs*: The minimum transaction fee is 0.00001 XRP, making it an attractive option for micropayments and cross-border transactions.

- *Scalability*: The XRP Ledger can handle up to 1,500 transactions per second, with plans to reach Visa's scale of 65,000 transactions per second.

- *Supply*: 100 billion XRP was pre-mined, with 55 billion held in escrow by Ripple Labs to ensure predictable supply growth.

- *Use Cases*: XRP is used for cross-border payments, foreign exchange transactions, and micropayments, with potential applications in central bank digital currencies and stablecoins.