XRP

XRP is a digital currency created by Ripple Labs to facilitate fast, low-cost international money transfers. Unlike traditional banking systems that can take days and incur high fees, XRP enables near-instantaneous transactions across borders with minimal costs. It operates on a blockchain technology called the XRP Ledger, which is decentralized and secure. Ripple aims to improve global financial flows by providing a more efficient way for banks, payment companies, and individuals to send money internationally. XRP’s value is driven by its utility in speeding up transfers and reducing costs, making it a key component in modern digital payment infrastructure.