$XRP XRP is a digital currency created by Ripple Labs to enable fast and low-cost international money transfers. Unlike Bitcoin, which uses mining, XRP transactions are verified through a consensus ledger, making them quicker and more energy-efficient. Financial institutions and banks have adopted Ripple's technology to improve cross-border payments, reducing both time and fees. XRP has gained attention for its scalability and ability to handle thousands of transactions per second. Despite facing legal challenges, particularly with the U.S. SEC, XRP remains a prominent cryptocurrency with strong potential for future growth in the digital finance world.