$XRP 🔷 XRP Overview
Ticker: XRP
Created By: Ripple Labs (founded in 2012)
Primary Purpose: Fast, low-cost cross-border payments
Consensus Mechanism: Ripple Protocol Consensus Algorithm (RPCA), not Proof of Work or Proof of Stake
Max Supply: 100 billion XRP
Current Circulating Supply: ~55 billion (as of 2025, varies slightly)
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🔹 Key Features
Feature XRP
Speed ~3-5 seconds per transaction
Cost < $0.01 per transaction
Scalability ~1,500 TPS (transactions per second)
Energy Use Very low, eco-friendly
Use Case Cross-border settlements (B2B, banks, remittances)
Institutional Use Partnered with banks, remittance providers (via RippleNet)