💠 What is the XRP currency?

XRP is a digital asset created by Ripple Labs, primarily used to facilitate payment and financial transfers between banks and institutions quickly and at a low cost.

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⚙️ Key Features of XRP:

Transfer Speed: Transactions can be completed in a matter of seconds, much faster than Bitcoin or Ethereum.

Low Costs: Transfer fees are almost negligible, making it suitable for international transfers.

Institutional Support: It is used by hundreds of financial institutions worldwide within the RippleNet network.

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🧠 The difference between XRP and Ripple:

Ripple: A fintech company developing payment solutions based on blockchain.

XRP: The digital currency used in these solutions as a liquidity bridge.

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⚖️ Legal Status:

Ripple faced a lawsuit from the U.S. Securities and Exchange Commission (SEC) regarding the classification of XRP as a security. Nevertheless, the company achieved significant legal victories that bolstered confidence in the future of XRP.

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