XRP is a digital asset native to the XRP Ledger (XRPL), an open-source, permissionless, and decentralized blockchain technology launched in 2012 by Ripple Labs. It was designed to be a faster, more sustainable, and cost-efficient alternative to traditional international payment systems like SWIFT.

Key Aspects of XRP:

* Cross-Border Payments: XRP's primary use case is facilitating quick, low-cost international payments. It acts as a "bridge currency" on RippleNet, a global payments platform developed by Ripple, allowing financial institutions to transfer value directly between different fiat currencies almost instantly. This can reduce capital requirements and increase operational efficiency for payment providers.

* Liquidity Provision: XRP can be used by payment providers to source liquidity on demand, eliminating the need for pre-funded accounts in various countries.

* Micropayments: Due to its low transaction fees, XRP is suitable for small online payments, such as for content access or tipping creators.

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