$XRP XRP is a digital currency developed by Ripple Labs to enable fast and low-cost international money transfers. Unlike Bitcoin or Ethereum, XRP doesn’t rely on traditional blockchain mining; instead, it uses a unique consensus ledger and validator nodes. This makes transactions faster and more energy-efficient. XRP aims to bridge the gap between different fiat currencies, making it ideal for cross-border payments. Many banks and financial institutions partner with Ripple for this reason. XRP's speed, scalability, and low fees set it apart in the crypto world. Despite legal battles with the SEC, XRP remains a strong contender in global crypto adoption.