$XRP – The Digital Asset for Global Payments
XRP is the native cryptocurrency of the XRP Ledger (XRPL), an open-source, decentralized blockchain created in 2012 by Ripple Labs to enable fast, low-cost international payments. Unlike Bitcoin and Ethereum, XRP does not use mining; instead, it relies on a consensus protocol that allows transactions to settle in just 3–5 seconds, with minimal fees and high throughput (1,500+ transactions per second).
Ripple, the company behind XRP, aims to revolutionize the global financial system by partnering with banks and payment providers to streamline cross-border transactions. XRP acts as a bridge currency, enabling instant liquidity between fiat pairs (e.g., USD to INR) without needing pre-funded accounts.
XRP’s utility and speed have led to widespread adoption, particularly in regions like Asia and Latin America. However, it has also faced regulatory hurdles—most notably a legal battle with the U.S. SEC that began in 2020. In 2023, the court ruled partially in Ripple's favor, stating that XRP is not a security when sold on public exchanges.
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As of 2025, XRP remains a top 10 cryptocurrency, praised for its real-world financial use cases and growing network adoption, particularly among institutional players seeking efficient cross-border solutions.