$XRP

XRP is a digital currency created by Ripple Labs to facilitate fast, low-cost international money transfers. Unlike many other cryptocurrencies, XRP is not mined; instead, 100 billion XRP tokens were pre-mined at launch, with a significant portion held by Ripple. XRP’s main use case is to act as a bridge currency in RippleNet, a network of financial institutions using Ripple’s software to settle cross-border payments in real time.

XRP’s core appeal lies in its transaction speed and scalability. Transactions typically settle in 3–5 seconds, making it one of the fastest digital assets in the crypto space. It also boasts a capacity of handling 1,500 transactions per second. These features make it attractive to banks and payment providers seeking an efficient alternative to SWIFT, the traditional global banking network.

Despite its technological advantages, XRP has faced regulatory scrutiny, most notably from the U.S. Securities and Exchange Commission (SEC), which filed a lawsuit in 2020 alleging XRP is a security. The legal battle has had a significant impact on XRP’s price and adoption, though it has shown resilience through continued development and partnerships globally. With growing interest in crypto-based financial infrastructure, XRP remains a major player in the digital asset ecosystem.

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