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Overview of XRP
• $XRP
XRP is the native digital currency of the XRP Ledger (XRPL), an open-source blockchain created by Ripple Labs in 2012. It aims to facilitate cross-border payments quickly and at low cost, making it competitive with systems like SWIFT.
• Uses: XRP is used as a bridge currency for fast conversions between various currencies (3-5 seconds per transaction) and at low fees ($0.0002 per transaction). It is integrated into over 300 global financial institutions, such as Santander and American Express.
XRP is the native digital currency of the XRP Ledger (XRPL), an open-source blockchain created by Ripple Labs in 2012. It aims to facilitate cross-border payments quickly and at low cost, making it competitive with systems like SWIFT.
• Uses: XRP is used as a bridge currency for fast conversions between various currencies (3-5 seconds per transaction) and at low fees ($0.0002 per transaction). It is integrated into over 300 global financial institutions, such as Santander and American Express.
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