$XRP is a digital asset and cryptocurrency developed by Ripple Labs, designed primarily for fast and low-cost international money transfers. Unlike Bitcoin,

XRP doesn't rely on mining; instead, transactions are validated through a unique consensus protocol, allowing faster processing and reduced energy consumption. XRP serves as a bridge currency in Ripple’s payment network, enabling the transfer of value between different fiat currencies. It has gained significant attention from financial institutions for its scalability and transaction speed, processing up to 1,500 transactions per second. Despite regulatory challenges, especially in the U.S., XRP remains one of the top cryptocurrencies by market capitalization. Its role in revolutionizing cross-border payments continues to position it as a key player in the digital finance ecosystem.