$XRP

XRP is the digital currency of the Ripple network, used to facilitate fast financial transfers between banks and financial institutions around the world. Here are the key points about it:

Symbol: XRP

Primary Goal: To accelerate international transfers and reduce their cost compared to traditional systems like SWIFT.

Speed: It is considered one of the fastest networks for executing transactions, typically taking 3-5 seconds.

Maximum Supply: 100 billion XRP

Developing Entity: Ripple Labs

Banking Usage: Many banks use it to experiment with transfer systems via RippleNet.