$XRP Total Information

XRP is a cryptocurrency created by Ripple Labs to enable fast, low-cost international money transfers.

Key Facts:

Launched: 2012

Purpose: Designed for cross-border payments and banking solutions

Speed: Transactions settle in ~3-5 seconds

Supply: Max supply of 100 billion XRP

Consensus: Uses a unique consensus protocol (not proof-of-work like Bitcoin)

Partners: Used by some banks and financial institutions

Legal Issues: Ripple has faced a lawsuit from the U.S. SEC over whether XRP is a security (partially resolved in 2023)