$XRP is a digital asset and cryptocurrency created by Ripple Labs to facilitate fast, low-cost international payments. Unlike traditional banking systems that take days to process cross-border transactions, XRP enables near-instant transfers with minimal fees. It serves as a bridge currency between different fiat currencies, making it easier for financial institutions to move money across borders without relying on pre-funded accounts. XRP operates on the XRP Ledger, a decentralized blockchain that can process up to 1,500 transactions per second. Its energy-efficient consensus mechanism is a key advantage over traditional proof-of-work systems. As global interest in digital finance grows, XRP continues to gain attention for its potential to revolutionize the way money moves around the world.