#XRP

XRP is a digital asset created by Ripple Labs in 2012 to facilitate fast and low-cost international money transfers. Unlike Bitcoin, which relies on mining, XRP uses a consensus protocol that allows transactions to be verified quickly, typically in seconds. It aims to provide a bridge currency for banks and financial institutions to streamline cross-border payments. XRP's supply is pre-mined, with a total limit of 100 billion coins, designed to curb inflation. While XRP has gained traction for its utility in the financial sector, it has faced regulatory scrutiny, particularly from the SEC, over its status as a security.