XRP is the native digital currency of the Ripple network, a platform designed to facilitate global financial transfers quickly and efficiently.
Here is some basic information about it:
Full name: XRP
Platform: RippleNet (managed by Ripple Labs)
Main purpose: To facilitate financial transfers between banks and financial institutions faster and cheaper compared to traditional systems like SWIFT.
Speed: XRP transactions occur within a few seconds.
Total supply: 100 billion XRP (fully issued from the beginning, cannot be mined)
Usage: Used as a bridge currency in cross-border transfers and can also be traded on cryptocurrency exchanges.
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