$XRP XRP is a digital currency created by Ripple Labs to facilitate fast, low-cost international money transfers. Unlike Bitcoin, XRP uses a consensus ledger rather than proof-of-work, enabling quicker transaction times and lower energy usage. It aims to bridge traditional financial institutions with blockchain technology, offering liquidity for cross-border payments. XRP transactions typically settle in seconds, making it attractive for banks and payment providers. The coin has faced regulatory challenges, particularly with the U.S. Securities and Exchange Commission (SEC), but remains one of the top cryptocurrencies by market capitalization. XRP plays a central role in Ripple’s vision of a more efficient global payments system.