XRP is not Bitcoin: Unlike Bitcoin, which relies on a decentralized blockchain technology, XRP relies on a more centralized network run by Ripple. This means that Ripple has more control over XRP than Bitcoin.
XRP is not for mining: XRP cannot be mined like Bitcoin. Instead, all XRP coins are pre-created and distributed by Ripple.
XRP has real-world uses: Many banks and financial institutions use XRP to facilitate international payments. For example, Western Union uses XRP to process some of its cross-border payments.
XRP is controversial: Ripple has faced lawsuits from the U.S. Securities and Exchange Commission (SEC) for allegedly selling XRP as unregistered securities. This lawsuit has impacted the price of XRP and has led to some uncertainty about its future.
XRP is fast: XRP can process transactions in seconds, making it faster than many other cryptocurrencies.
XRP is cheap: XRP transaction fees are very low, making it attractive to businesses that make large international payments.
XRP is volatile: The price of XRP can be very volatile, meaning it can rise or fall dramatically in a short period of time.