$XRP
- Cryptocurrency for Global Payments
XRP is a cryptocurrency developed by Ripple, focused on fast, low-cost cross-border money transfers. Unlike Bitcoin, XRP uses a consensus mechanism that is energy-efficient.
- Speed: Transactions take 3-5 seconds.
- Fees: Extremely low (~0.0002 USD/transaction).
- Applications: Banks and financial institutions use RippleNet for international money transfers.
The price of XRP is highly volatile, having reached $3.4 (2018) and currently around $2.4 (2025). Legal disputes with the SEC may impact XRP's future.
Note: Investing in cryptocurrency carries high risks.
